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Northern Midlands Council area

Gross Regional Product

Northern Midlands Council area’s Gross Regional Product was $0.80 billion in the year ending June 2018, declining -0.9% since the previous year.

Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Changes in this figure over time can represent changes in employment, productivity or the types of industries in the area.

Local Industry GRP shows the value of the local economy, generated by the local workers within the area regardless of where they live, after taxes and dividends leave the area. It is best thought of as GRP produced by local industries.

Local Residents GRP refers to the economic output of the residents of the area regardless of where they work. It is best thought of as the income received by people in the Region. If the Residents GRP is high relative to the Local Industry GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).

To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with Jobs to workers ratio and Employment self-containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with industry Value added.

National Economics (NIEIR) - Modelled series

Northern Midlands Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018796-0.94004120.97
2017803+1.54194191.00
2016791+0.25164961.04
2015789+7.75435321.02
2014732+4.95255320.99
2013698+1.35135290.97
2012689+3.85235510.95
2011664+5.95005470.92
2010627+1.64755320.89
2009617+2.94875440.89
2008600+4.74765390.88
2007573-9.74455090.87
2006635-13.84815810.83
2005736-8.15286790.78
2004801-0.15617470.75
2003802-14.15887930.74
2002934+7.16759180.74
2001872--6088170.74

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Northern Midlands Council area - Gross Regional Product
Northern Midlands Council area - Gross Regional Product 2001, Resident GRP: 817 million 2002, Resident GRP: 918 million 2003, Resident GRP: 793 million 2004, Resident GRP: 747 million 2005, Resident GRP: 679 million 2006, Resident GRP: 581 million 2007, Resident GRP: 509 million 2008, Resident GRP: 539 million 2009, Resident GRP: 544 million 2010, Resident GRP: 532 million 2011, Resident GRP: 547 million 2012, Resident GRP: 551 million 2013, Resident GRP: 529 million 2014, Resident GRP: 532 million 2015, Resident GRP: 532 million 2016, Resident GRP: 496 million 2017, Resident GRP: 419 million 2018, Resident GRP: 412 million 2001, Industry GRP: 608 million 2002, Industry GRP: 675 million 2003, Industry GRP: 588 million 2004, Industry GRP: 561 million 2005, Industry GRP: 528 million 2006, Industry GRP: 481 million 2007, Industry GRP: 445 million 2008, Industry GRP: 476 million 2009, Industry GRP: 487 million 2010, Industry GRP: 475 million 2011, Industry GRP: 500 million 2012, Industry GRP: 523 million 2013, Industry GRP: 513 million 2014, Industry GRP: 525 million 2015, Industry GRP: 543 million 2016, Industry GRP: 516 million 2017, Industry GRP: 419 million 2018, Industry GRP: 400 million 2001, Headline GRP: 872 million 2002, Headline GRP: 934 million 2003, Headline GRP: 802 million 2004, Headline GRP: 801 million 2005, Headline GRP: 736 million 2006, Headline GRP: 635 million 2007, Headline GRP: 573 million 2008, Headline GRP: 600 million 2009, Headline GRP: 617 million 2010, Headline GRP: 627 million 2011, Headline GRP: 664 million 2012, Headline GRP: 689 million 2013, Headline GRP: 698 million 2014, Headline GRP: 732 million 2015, Headline GRP: 789 million 2016, Headline GRP: 791 million 2017, Headline GRP: 803 million 2018, Headline GRP: 796 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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