RDA Limestone Coast RegionEconomic profile
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Limestone Coast region

Gross Regional Product

Limestone Coast region’s Gross Regional Product was $3.88 billion in the year ending June 2018, declining -2.8% 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

Limestone Coast region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20183,878-2.82,1272,1960.97
20173,988+13.42,1772,2380.97
20163,518-2.12,4362,5090.97
20153,595+0.92,6232,6940.97
20143,565+0.42,7992,8770.97
20133,551-3.12,7252,8190.97
20123,664-4.42,7582,8420.97
20113,831+0.82,8432,9150.98
20103,801+3.72,6742,7580.97
20093,667+3.22,6642,7550.97
20083,553+4.02,6542,7330.97
20073,416-1.82,5512,6130.98
20063,481+1.62,5352,5950.98
20053,427+1.52,4862,5450.98
20043,377+3.32,4182,4720.98
20033,268-3.22,2852,3320.98
20023,377+4.42,4482,4770.99
20013,235--2,3252,3540.99

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

Limestone Coast region - Gross Regional Product
Limestone Coast region - Gross Regional Product 2001, Resident GRP: 2,354 million 2002, Resident GRP: 2,477 million 2003, Resident GRP: 2,332 million 2004, Resident GRP: 2,472 million 2005, Resident GRP: 2,545 million 2006, Resident GRP: 2,595 million 2007, Resident GRP: 2,613 million 2008, Resident GRP: 2,733 million 2009, Resident GRP: 2,755 million 2010, Resident GRP: 2,758 million 2011, Resident GRP: 2,915 million 2012, Resident GRP: 2,842 million 2013, Resident GRP: 2,819 million 2014, Resident GRP: 2,877 million 2015, Resident GRP: 2,694 million 2016, Resident GRP: 2,509 million 2017, Resident GRP: 2,238 million 2018, Resident GRP: 2,196 million 2001, Industry GRP: 2,325 million 2002, Industry GRP: 2,448 million 2003, Industry GRP: 2,285 million 2004, Industry GRP: 2,418 million 2005, Industry GRP: 2,486 million 2006, Industry GRP: 2,535 million 2007, Industry GRP: 2,551 million 2008, Industry GRP: 2,654 million 2009, Industry GRP: 2,664 million 2010, Industry GRP: 2,674 million 2011, Industry GRP: 2,843 million 2012, Industry GRP: 2,758 million 2013, Industry GRP: 2,725 million 2014, Industry GRP: 2,799 million 2015, Industry GRP: 2,623 million 2016, Industry GRP: 2,436 million 2017, Industry GRP: 2,177 million 2018, Industry GRP: 2,127 million 2001, Headline GRP: 3,235 million 2002, Headline GRP: 3,377 million 2003, Headline GRP: 3,268 million 2004, Headline GRP: 3,377 million 2005, Headline GRP: 3,427 million 2006, Headline GRP: 3,481 million 2007, Headline GRP: 3,416 million 2008, Headline GRP: 3,553 million 2009, Headline GRP: 3,667 million 2010, Headline GRP: 3,801 million 2011, Headline GRP: 3,831 million 2012, Headline GRP: 3,664 million 2013, Headline GRP: 3,551 million 2014, Headline GRP: 3,565 million 2015, Headline GRP: 3,595 million 2016, Headline GRP: 3,518 million 2017, Headline GRP: 3,988 million 2018, Headline GRP: 3,878 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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