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Barunga West Council

Gross Regional Product

Barunga West Council’s Gross Regional Product was $0.13 billion in the year ending June 2018, declining -6.6% 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

Barunga West Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018134-6.669750.91
2017143+13.970780.90
2016126-0.682920.89
2015127+2.5901080.83
2014124-2.9911180.77
2013127-6.4911230.74
2012136-3.5981200.82
2011141+2.6991170.84
2010137+4.6951160.82
2009131+5.4971270.77
2008125+1.61001340.75
2007123-24.81001210.83
2006163-20.61201310.92
2005205-8.41541650.93
2004224+1.71751930.91
2003220-16.41862080.90
2002264+7.42322550.91
2001246--2102270.93

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

Barunga West Council - Gross Regional Product
Barunga West Council - Gross Regional Product 2001, Resident GRP: 227 million 2002, Resident GRP: 255 million 2003, Resident GRP: 208 million 2004, Resident GRP: 193 million 2005, Resident GRP: 165 million 2006, Resident GRP: 131 million 2007, Resident GRP: 121 million 2008, Resident GRP: 134 million 2009, Resident GRP: 127 million 2010, Resident GRP: 116 million 2011, Resident GRP: 117 million 2012, Resident GRP: 120 million 2013, Resident GRP: 123 million 2014, Resident GRP: 118 million 2015, Resident GRP: 108 million 2016, Resident GRP: 92 million 2017, Resident GRP: 78 million 2018, Resident GRP: 75 million 2001, Industry GRP: 210 million 2002, Industry GRP: 232 million 2003, Industry GRP: 186 million 2004, Industry GRP: 175 million 2005, Industry GRP: 154 million 2006, Industry GRP: 120 million 2007, Industry GRP: 100 million 2008, Industry GRP: 100 million 2009, Industry GRP: 97 million 2010, Industry GRP: 95 million 2011, Industry GRP: 99 million 2012, Industry GRP: 98 million 2013, Industry GRP: 91 million 2014, Industry GRP: 91 million 2015, Industry GRP: 90 million 2016, Industry GRP: 82 million 2017, Industry GRP: 70 million 2018, Industry GRP: 69 million 2001, Headline GRP: 246 million 2002, Headline GRP: 264 million 2003, Headline GRP: 220 million 2004, Headline GRP: 224 million 2005, Headline GRP: 205 million 2006, Headline GRP: 163 million 2007, Headline GRP: 123 million 2008, Headline GRP: 125 million 2009, Headline GRP: 131 million 2010, Headline GRP: 137 million 2011, Headline GRP: 141 million 2012, Headline GRP: 136 million 2013, Headline GRP: 127 million 2014, Headline GRP: 124 million 2015, Headline GRP: 127 million 2016, Headline GRP: 126 million 2017, Headline GRP: 143 million 2018, Headline GRP: 134 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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