RDA Murraylands and RiverlandEconomic profile
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RDA Murraylands and Riverland region

Gross Regional Product

RDA Murraylands and Riverland region’s Gross Regional Product was $3.71 billion in the year ending June 2017, growing 7.8% 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

RDA Murraylands and Riverland region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20173,706+7.81,9191,9420.99
20163,437+0.12,1902,2260.98
20153,432+2.02,3132,3640.98
20143,366-3.02,3272,3880.97
20133,471-3.12,3492,4170.97
20123,581-5.82,4122,4800.97
20113,802-4.92,5252,6030.97
20103,996-0.12,4672,5520.97
20093,999+1.42,5932,6910.96
20083,944+7.02,6712,7750.96
20073,686-5.32,6032,7010.96
20063,894-2.12,6032,6920.97
20053,979+0.52,6842,7800.97
20043,957+2.52,7272,8200.97
20033,861-3.82,7012,7880.97
20024,014+4.42,9463,0330.97
20013,844--2,7602,8440.97

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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

RDA Murraylands and Riverland region - Gross Regional Product
RDA Murraylands and Riverland region - Gross Regional Product 2001, Resident GRP: 2,844 million 2002, Resident GRP: 3,033 million 2003, Resident GRP: 2,788 million 2004, Resident GRP: 2,820 million 2005, Resident GRP: 2,780 million 2006, Resident GRP: 2,692 million 2007, Resident GRP: 2,701 million 2008, Resident GRP: 2,775 million 2009, Resident GRP: 2,691 million 2010, Resident GRP: 2,552 million 2011, Resident GRP: 2,603 million 2012, Resident GRP: 2,480 million 2013, Resident GRP: 2,417 million 2014, Resident GRP: 2,388 million 2015, Resident GRP: 2,364 million 2016, Resident GRP: 2,226 million 2017, Resident GRP: 1,942 million 2001, Industry GRP: 2,760 million 2002, Industry GRP: 2,946 million 2003, Industry GRP: 2,701 million 2004, Industry GRP: 2,727 million 2005, Industry GRP: 2,684 million 2006, Industry GRP: 2,603 million 2007, Industry GRP: 2,603 million 2008, Industry GRP: 2,671 million 2009, Industry GRP: 2,593 million 2010, Industry GRP: 2,467 million 2011, Industry GRP: 2,525 million 2012, Industry GRP: 2,412 million 2013, Industry GRP: 2,349 million 2014, Industry GRP: 2,327 million 2015, Industry GRP: 2,313 million 2016, Industry GRP: 2,190 million 2017, Industry GRP: 1,919 million 2001, Headline GRP: 3,844 million 2002, Headline GRP: 4,014 million 2003, Headline GRP: 3,861 million 2004, Headline GRP: 3,957 million 2005, Headline GRP: 3,979 million 2006, Headline GRP: 3,894 million 2007, Headline GRP: 3,686 million 2008, Headline GRP: 3,944 million 2009, Headline GRP: 3,999 million 2010, Headline GRP: 3,996 million 2011, Headline GRP: 3,802 million 2012, Headline GRP: 3,581 million 2013, Headline GRP: 3,471 million 2014, Headline GRP: 3,366 million 2015, Headline GRP: 3,432 million 2016, Headline GRP: 3,437 million 2017, Headline GRP: 3,706 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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