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Clare & Gilbert Valleys Council

Gross Regional Product

Clare & Gilbert Valleys Council’s Gross Regional Product was $0.59 billion in the year ending June 2018, declining -2.5% 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

Clare & Gilbert Valleys Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018588-2.53053061.00
2017603+2.33073100.99
2016589+2.33593640.99
2015576+2.33813950.96
2014563-1.13824010.95
2013569-2.53813990.96
2012584-4.33944100.96
2011611+0.54034180.96
2010607+3.73753870.97
2009586+3.63663760.98
2008565+6.73733780.99
2007530-7.83543531.00
2006574-12.33693651.01
2005655-3.04134091.01
2004676-6.34224211.00
2003721-8.74384361.00
2002789+5.04954911.01
2001751--4494471.01

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

Clare & Gilbert Valleys Council - Gross Regional Product
Clare & Gilbert Valleys Council - Gross Regional Product 2001, Resident GRP: 447 million 2002, Resident GRP: 491 million 2003, Resident GRP: 436 million 2004, Resident GRP: 421 million 2005, Resident GRP: 409 million 2006, Resident GRP: 365 million 2007, Resident GRP: 353 million 2008, Resident GRP: 378 million 2009, Resident GRP: 376 million 2010, Resident GRP: 387 million 2011, Resident GRP: 418 million 2012, Resident GRP: 410 million 2013, Resident GRP: 399 million 2014, Resident GRP: 401 million 2015, Resident GRP: 395 million 2016, Resident GRP: 364 million 2017, Resident GRP: 310 million 2018, Resident GRP: 306 million 2001, Industry GRP: 449 million 2002, Industry GRP: 495 million 2003, Industry GRP: 438 million 2004, Industry GRP: 422 million 2005, Industry GRP: 413 million 2006, Industry GRP: 369 million 2007, Industry GRP: 354 million 2008, Industry GRP: 373 million 2009, Industry GRP: 366 million 2010, Industry GRP: 375 million 2011, Industry GRP: 403 million 2012, Industry GRP: 394 million 2013, Industry GRP: 381 million 2014, Industry GRP: 382 million 2015, Industry GRP: 381 million 2016, Industry GRP: 359 million 2017, Industry GRP: 307 million 2018, Industry GRP: 305 million 2001, Headline GRP: 751 million 2002, Headline GRP: 789 million 2003, Headline GRP: 721 million 2004, Headline GRP: 676 million 2005, Headline GRP: 655 million 2006, Headline GRP: 574 million 2007, Headline GRP: 530 million 2008, Headline GRP: 565 million 2009, Headline GRP: 586 million 2010, Headline GRP: 607 million 2011, Headline GRP: 611 million 2012, Headline GRP: 584 million 2013, Headline GRP: 569 million 2014, Headline GRP: 563 million 2015, Headline GRP: 576 million 2016, Headline GRP: 589 million 2017, Headline GRP: 603 million 2018, Headline GRP: 588 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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