Parkes ShireEconomic profile
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Parkes Shire

Gross Regional Product

Parkes Shire’s Gross Regional Product was $0.88 billion in the year ending June 2018, declining -3.4% 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 Shire. 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

Parkes Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018876-3.46106410.95
2017907+2.16206520.95
2016889+3.05886250.94
2015863+3.05635920.95
2014838+3.75485750.95
2013808+0.35265460.96
2012806-0.95295480.97
2011813-2.45295490.96
2010833-1.45035210.97
2009844+1.85175230.99
2008830+1.75105180.98
2007816-3.44764860.98
2006844-6.95085170.98
2005907-2.45155220.99
2004929+5.55045120.99
2003880-6.04935030.98
2002937+1.95395450.99
2001919--5425520.98

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

Parkes Shire - Gross Regional Product
Parkes Shire - Gross Regional Product 2001, Resident GRP: 552 million 2002, Resident GRP: 545 million 2003, Resident GRP: 503 million 2004, Resident GRP: 512 million 2005, Resident GRP: 522 million 2006, Resident GRP: 517 million 2007, Resident GRP: 486 million 2008, Resident GRP: 518 million 2009, Resident GRP: 523 million 2010, Resident GRP: 521 million 2011, Resident GRP: 549 million 2012, Resident GRP: 548 million 2013, Resident GRP: 546 million 2014, Resident GRP: 575 million 2015, Resident GRP: 592 million 2016, Resident GRP: 625 million 2017, Resident GRP: 652 million 2018, Resident GRP: 641 million 2001, Industry GRP: 542 million 2002, Industry GRP: 539 million 2003, Industry GRP: 493 million 2004, Industry GRP: 504 million 2005, Industry GRP: 515 million 2006, Industry GRP: 508 million 2007, Industry GRP: 476 million 2008, Industry GRP: 510 million 2009, Industry GRP: 517 million 2010, Industry GRP: 503 million 2011, Industry GRP: 529 million 2012, Industry GRP: 529 million 2013, Industry GRP: 526 million 2014, Industry GRP: 548 million 2015, Industry GRP: 563 million 2016, Industry GRP: 588 million 2017, Industry GRP: 620 million 2018, Industry GRP: 610 million 2001, Headline GRP: 919 million 2002, Headline GRP: 937 million 2003, Headline GRP: 880 million 2004, Headline GRP: 929 million 2005, Headline GRP: 907 million 2006, Headline GRP: 844 million 2007, Headline GRP: 816 million 2008, Headline GRP: 830 million 2009, Headline GRP: 844 million 2010, Headline GRP: 833 million 2011, Headline GRP: 813 million 2012, Headline GRP: 806 million 2013, Headline GRP: 808 million 2014, Headline GRP: 838 million 2015, Headline GRP: 863 million 2016, Headline GRP: 889 million 2017, Headline GRP: 907 million 2018, Headline GRP: 876 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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