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Fraser Coast Regional Council

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

Fraser Coast Regional Council’s Gross Regional Product was $3.76 billion in the year ending June 2017, growing 1.9% 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

Fraser Coast Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio

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

Fraser Coast Regional Council - Gross Regional Product
Fraser Coast Regional Council - Gross Regional Product 2001, Resident GRP: 1,670 million 2002, Resident GRP: 1,803 million 2003, Resident GRP: 1,860 million 2004, Resident GRP: 2,136 million 2005, Resident GRP: 2,450 million 2006, Resident GRP: 2,704 million 2007, Resident GRP: 2,904 million 2008, Resident GRP: 3,058 million 2009, Resident GRP: 3,092 million 2010, Resident GRP: 3,047 million 2011, Resident GRP: 3,204 million 2012, Resident GRP: 3,256 million 2013, Resident GRP: 3,179 million 2014, Resident GRP: 3,159 million 2015, Resident GRP: 3,041 million 2016, Resident GRP: 2,879 million 2017, Resident GRP: 2,793 million 2001, Industry GRP: 1,633 million 2002, Industry GRP: 1,752 million 2003, Industry GRP: 1,801 million 2004, Industry GRP: 2,061 million 2005, Industry GRP: 2,360 million 2006, Industry GRP: 2,605 million 2007, Industry GRP: 2,784 million 2008, Industry GRP: 2,922 million 2009, Industry GRP: 2,940 million 2010, Industry GRP: 2,881 million 2011, Industry GRP: 3,012 million 2012, Industry GRP: 3,043 million 2013, Industry GRP: 2,987 million 2014, Industry GRP: 2,983 million 2015, Industry GRP: 2,880 million 2016, Industry GRP: 2,737 million 2017, Industry GRP: 2,650 million 2001, Headline GRP: 2,259 million 2002, Headline GRP: 2,409 million 2003, Headline GRP: 2,595 million 2004, Headline GRP: 2,844 million 2005, Headline GRP: 3,172 million 2006, Headline GRP: 3,428 million 2007, Headline GRP: 3,663 million 2008, Headline GRP: 3,690 million 2009, Headline GRP: 3,639 million 2010, Headline GRP: 3,579 million 2011, Headline GRP: 3,560 million 2012, Headline GRP: 3,614 million 2013, Headline GRP: 3,688 million 2014, Headline GRP: 3,815 million 2015, Headline GRP: 3,754 million 2016, Headline GRP: 3,691 million 2017, Headline GRP: 3,761 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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