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Wakefield Regional Council area

Gross product

Wakefield Regional Council area's Gross Regional Product was $379m as of the 30th June 2018.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2018, Wakefield Regional Council area: $379 million 2017, Wakefield Regional Council area: $393 million 2016, Wakefield Regional Council area: $348 million 2015, Wakefield Regional Council area: $344 million 2014, Wakefield Regional Council area: $336 million 2013, Wakefield Regional Council area: $351 million 2012, Wakefield Regional Council area: $386 million 2011, Wakefield Regional Council area: $408 million 2010, Wakefield Regional Council area: $415 million 2009, Wakefield Regional Council area: $388 million 2008, Wakefield Regional Council area: $365 million 2007, Wakefield Regional Council area: $340 million 2006, Wakefield Regional Council area: $384 million 2005, Wakefield Regional Council area: $454 million 2004, Wakefield Regional Council area: $492 million 2003, Wakefield Regional Council area: $538 million 2002, Wakefield Regional Council area: $634 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Regional SA: 99.2% 2017, Regional SA: 101.1% 2016, Regional SA: 95.8% 2015, Regional SA: 96.6% 2014, Regional SA: 96.9% 2013, Regional SA: 98.2% 2012, Regional SA: 100.0% 2011, Regional SA: 103.7% 2010, Regional SA: 104.9% 2009, Regional SA: 105.2% 2008, Regional SA: 100.2% 2007, Regional SA: 96.7% 2006, Regional SA: 100.3% 2005, Regional SA: 101.8% 2004, Regional SA: 100.6% 2003, Regional SA: 99.4% 2002, Regional SA: 104.8% 2001, Regional SA: 100.0% 2018, Wakefield Regional Council area: 63.5% 2017, Wakefield Regional Council area: 65.8% 2016, Wakefield Regional Council area: 58.3% 2015, Wakefield Regional Council area: 57.7% 2014, Wakefield Regional Council area: 56.2% 2013, Wakefield Regional Council area: 58.7% 2012, Wakefield Regional Council area: 64.6% 2011, Wakefield Regional Council area: 68.4% 2010, Wakefield Regional Council area: 69.6% 2009, Wakefield Regional Council area: 65.0% 2008, Wakefield Regional Council area: 61.1% 2007, Wakefield Regional Council area: 56.9% 2006, Wakefield Regional Council area: 64.3% 2005, Wakefield Regional Council area: 76.0% 2004, Wakefield Regional Council area: 82.4% 2003, Wakefield Regional Council area: 90.0% 2002, Wakefield Regional Council area: 106.2% 2001, Wakefield Regional Council area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Wakefield Regional Council areaRegional SA
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeWakefield Regional Council area as a % of Regional SA
2018379-3.663.521,281-1.999.21.78
2017393+12.865.821,694+5.5101.11.81
2016348+1.158.320,555-0.895.81.69
2015344+2.657.720,720-0.496.61.66
2014336-4.356.220,797-1.396.91.61
2013351-9.058.721,076-1.798.21.66
2012386-5.664.621,450-3.6100.01.80
2011408-1.768.422,251-1.1103.71.84
2010415+7.069.622,505-0.3104.91.85
2009388+6.465.022,564+4.9105.21.72
2008365+7.361.121,502+3.7100.21.70
2007340-11.456.920,743-3.696.71.64
2006384-15.464.321,526-1.5100.31.78
2005454-7.876.021,849+1.2101.82.08
2004492-8.582.421,589+1.2100.62.28
2003538-15.290.021,328-5.199.42.52
2002634+6.2106.222,477+4.8104.82.82
2001597--100.021,453--100.02.78

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2018, Average annual growth rate: -1.5% 2017, Average annual growth rate: -1.5% 2016, Average annual growth rate: -1.5% 2015, Average annual growth rate: -1.5% 2014, Average annual growth rate: -1.5% 2013, Average annual growth rate: -1.5% 2012, Average annual growth rate: -1.5% 2011, Average annual growth rate: -1.5% 2010, Average annual growth rate: -1.5% 2009, Average annual growth rate: -1.5% 2008, Average annual growth rate: -1.5% 2007, Average annual growth rate: -1.5% 2006, Average annual growth rate: -1.5% 2005, Average annual growth rate: -1.5% 2004, Average annual growth rate: -1.5% 2003, Average annual growth rate: -1.5% 2018, Regional SA: -1.9% 2017, Regional SA: 5.5% 2016, Regional SA: -0.8% 2015, Regional SA: -0.4% 2014, Regional SA: -1.3% 2013, Regional SA: -1.7% 2012, Regional SA: -3.6% 2011, Regional SA: -1.1% 2010, Regional SA: -0.3% 2009, Regional SA: 4.9% 2008, Regional SA: 3.7% 2007, Regional SA: -3.6% 2006, Regional SA: -1.5% 2005, Regional SA: 1.2% 2004, Regional SA: 1.2% 2003, Regional SA: -5.1% 2018, Wakefield Regional Council area: -3.6% 2017, Wakefield Regional Council area: 12.8% 2016, Wakefield Regional Council area: 1.1% 2015, Wakefield Regional Council area: 2.6% 2014, Wakefield Regional Council area: -4.3% 2013, Wakefield Regional Council area: -9.0% 2012, Wakefield Regional Council area: -5.6% 2011, Wakefield Regional Council area: -1.7% 2010, Wakefield Regional Council area: 7.0% 2009, Wakefield Regional Council area: 6.4% 2008, Wakefield Regional Council area: 7.3% 2007, Wakefield Regional Council area: -11.4% 2006, Wakefield Regional Council area: -15.4% 2005, Wakefield Regional Council area: -7.8% 2004, Wakefield Regional Council area: -8.5% 2003, Wakefield Regional Council area: -15.2%
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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