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District Council of Mount Remarkable

Gross Regional Product

District Council of Mount Remarkable’s Gross Regional Product was $0.14 billion in the year ending June 2018, declining -6.1% 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

District Council of Mount Remarkable - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018139-6.168880.77
2017148+22.070890.79
2016121-3.0781050.75
2015125+0.2871160.75
2014124-6.5881190.74
2013133-2.4881220.72
2012136-12.6921270.73
2011156-4.51011340.76
2010163+3.01011330.75
2009159+3.51051390.75
2008153+18.21081460.74
2007130-4.21031410.73
2006135+7.11001330.75
2005126+10.1951220.78
2004115+9.4901110.81
2003105-1.2851030.83
2002106+10.3881000.87
200196--79900.87

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

District Council of Mount Remarkable - Gross Regional Product
District Council of Mount Remarkable - Gross Regional Product 2001, Resident GRP: 90 million 2002, Resident GRP: 100 million 2003, Resident GRP: 103 million 2004, Resident GRP: 111 million 2005, Resident GRP: 122 million 2006, Resident GRP: 133 million 2007, Resident GRP: 141 million 2008, Resident GRP: 146 million 2009, Resident GRP: 139 million 2010, Resident GRP: 133 million 2011, Resident GRP: 134 million 2012, Resident GRP: 127 million 2013, Resident GRP: 122 million 2014, Resident GRP: 119 million 2015, Resident GRP: 116 million 2016, Resident GRP: 105 million 2017, Resident GRP: 89 million 2018, Resident GRP: 88 million 2001, Industry GRP: 79 million 2002, Industry GRP: 88 million 2003, Industry GRP: 85 million 2004, Industry GRP: 90 million 2005, Industry GRP: 95 million 2006, Industry GRP: 100 million 2007, Industry GRP: 103 million 2008, Industry GRP: 108 million 2009, Industry GRP: 105 million 2010, Industry GRP: 101 million 2011, Industry GRP: 101 million 2012, Industry GRP: 92 million 2013, Industry GRP: 88 million 2014, Industry GRP: 88 million 2015, Industry GRP: 87 million 2016, Industry GRP: 78 million 2017, Industry GRP: 70 million 2018, Industry GRP: 68 million 2001, Headline GRP: 96 million 2002, Headline GRP: 106 million 2003, Headline GRP: 105 million 2004, Headline GRP: 115 million 2005, Headline GRP: 126 million 2006, Headline GRP: 135 million 2007, Headline GRP: 130 million 2008, Headline GRP: 153 million 2009, Headline GRP: 159 million 2010, Headline GRP: 163 million 2011, Headline GRP: 156 million 2012, Headline GRP: 136 million 2013, Headline GRP: 133 million 2014, Headline GRP: 124 million 2015, Headline GRP: 125 million 2016, Headline GRP: 121 million 2017, Headline GRP: 148 million 2018, Headline GRP: 139 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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