Town of Port HedlandEconomic profile
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Town of Port Hedland

Gross Regional Product

Town of Port Hedland’s Gross Regional Product was $3.72 billion in the year ending June 2018, declining -4.0% 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 Town. 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

Town of Port Hedland - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20183,716-4.01,1458811.30
20173,870+14.91,2669971.27
20163,368-6.11,3051,1491.14
20153,588+7.61,6471,4111.17
20143,335+9.11,7941,5491.16
20133,057+1.01,8781,6151.16
20123,026+24.21,7981,5831.14
20112,436+8.71,4841,3581.09
20102,241+10.31,2151,1351.07
20092,033+8.81,1391,0361.10
20081,869+9.09919261.07
20071,715+16.58077691.05
20061,472+8.07316961.05
20051,363+5.66636611.00
20041,291-4.06286330.99
20031,344+1.76046200.97
20021,322+1.95976220.96
20011,298--5505600.98

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

Town of Port Hedland - Gross Regional Product
Town of Port Hedland - Gross Regional Product 2001, Resident GRP: 560 million 2002, Resident GRP: 622 million 2003, Resident GRP: 620 million 2004, Resident GRP: 633 million 2005, Resident GRP: 661 million 2006, Resident GRP: 696 million 2007, Resident GRP: 769 million 2008, Resident GRP: 926 million 2009, Resident GRP: 1,036 million 2010, Resident GRP: 1,135 million 2011, Resident GRP: 1,358 million 2012, Resident GRP: 1,583 million 2013, Resident GRP: 1,615 million 2014, Resident GRP: 1,549 million 2015, Resident GRP: 1,411 million 2016, Resident GRP: 1,149 million 2017, Resident GRP: 997 million 2018, Resident GRP: 881 million 2001, Industry GRP: 550 million 2002, Industry GRP: 597 million 2003, Industry GRP: 604 million 2004, Industry GRP: 628 million 2005, Industry GRP: 663 million 2006, Industry GRP: 731 million 2007, Industry GRP: 807 million 2008, Industry GRP: 991 million 2009, Industry GRP: 1,139 million 2010, Industry GRP: 1,215 million 2011, Industry GRP: 1,484 million 2012, Industry GRP: 1,798 million 2013, Industry GRP: 1,878 million 2014, Industry GRP: 1,794 million 2015, Industry GRP: 1,647 million 2016, Industry GRP: 1,305 million 2017, Industry GRP: 1,266 million 2018, Industry GRP: 1,145 million 2001, Headline GRP: 1,298 million 2002, Headline GRP: 1,322 million 2003, Headline GRP: 1,344 million 2004, Headline GRP: 1,291 million 2005, Headline GRP: 1,363 million 2006, Headline GRP: 1,472 million 2007, Headline GRP: 1,715 million 2008, Headline GRP: 1,869 million 2009, Headline GRP: 2,033 million 2010, Headline GRP: 2,241 million 2011, Headline GRP: 2,436 million 2012, Headline GRP: 3,026 million 2013, Headline GRP: 3,057 million 2014, Headline GRP: 3,335 million 2015, Headline GRP: 3,588 million 2016, Headline GRP: 3,368 million 2017, Headline GRP: 3,870 million 2018, Headline GRP: 3,716 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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