RDA Darling Downs and South West RegionEconomic profile
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Murweh Shire

Gross Regional Product

Murweh Shire’s Gross Regional Product was $0.22 billion in the year ending June 2018, declining -7.7% 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

Murweh Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018220-7.71421401.02
2017238-3.91441421.01
2016248-8.11631670.97
2015270-3.01861940.96
2014278-6.52012070.97
2013297-8.82102130.99
2012326+10.82232191.02
2011295+9.12082051.01
2010270+2.41851860.99
2009264+9.61861870.99
2008241+4.71781800.99
2007230-7.21711730.99
2006248-2.51771780.99
2005254-1.91781790.99
2004259+1.41791810.99
2003255-5.21771780.99
2002269-2.01951941.01
2001275--1901911.00

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

Murweh Shire - Gross Regional Product
Murweh Shire - Gross Regional Product 2001, Resident GRP: 191 million 2002, Resident GRP: 194 million 2003, Resident GRP: 178 million 2004, Resident GRP: 181 million 2005, Resident GRP: 179 million 2006, Resident GRP: 178 million 2007, Resident GRP: 173 million 2008, Resident GRP: 180 million 2009, Resident GRP: 187 million 2010, Resident GRP: 186 million 2011, Resident GRP: 205 million 2012, Resident GRP: 219 million 2013, Resident GRP: 213 million 2014, Resident GRP: 207 million 2015, Resident GRP: 194 million 2016, Resident GRP: 167 million 2017, Resident GRP: 142 million 2018, Resident GRP: 140 million 2001, Industry GRP: 190 million 2002, Industry GRP: 195 million 2003, Industry GRP: 177 million 2004, Industry GRP: 179 million 2005, Industry GRP: 178 million 2006, Industry GRP: 177 million 2007, Industry GRP: 171 million 2008, Industry GRP: 178 million 2009, Industry GRP: 186 million 2010, Industry GRP: 185 million 2011, Industry GRP: 208 million 2012, Industry GRP: 223 million 2013, Industry GRP: 210 million 2014, Industry GRP: 201 million 2015, Industry GRP: 186 million 2016, Industry GRP: 163 million 2017, Industry GRP: 144 million 2018, Industry GRP: 142 million 2001, Headline GRP: 275 million 2002, Headline GRP: 269 million 2003, Headline GRP: 255 million 2004, Headline GRP: 259 million 2005, Headline GRP: 254 million 2006, Headline GRP: 248 million 2007, Headline GRP: 230 million 2008, Headline GRP: 241 million 2009, Headline GRP: 264 million 2010, Headline GRP: 270 million 2011, Headline GRP: 295 million 2012, Headline GRP: 326 million 2013, Headline GRP: 297 million 2014, Headline GRP: 278 million 2015, Headline GRP: 270 million 2016, Headline GRP: 248 million 2017, Headline GRP: 238 million 2018, Headline GRP: 220 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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