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Port Pirie Regional Council area

Gross Regional Product

Port Pirie Regional Council area’s Gross Regional Product was $0.73 billion in the year ending June 2018, growing 1.7% 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

Port Pirie Regional Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018728+1.74614371.06
201771604564501.01
2016715-2.54965120.97
2015734+5.45465640.97
2014696+0.55405590.97
2013692-1.95345560.96
2012705-1.25625830.96
2011713-4.85535720.97
2010749+1.65415610.97
2009738+2.95415610.96
2008717-0.55385560.97
2007720-0.25095220.98
2006722+0.44724810.98
2005719+0.14674730.99
2004718-1.84484530.99
2003731+1.74354400.99
2002719+6.74444451.00
2001674--4224250.99

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

Port Pirie Regional Council area - Gross Regional Product
Port Pirie Regional Council area - Gross Regional Product 2001, Resident GRP: 425 million 2002, Resident GRP: 445 million 2003, Resident GRP: 440 million 2004, Resident GRP: 453 million 2005, Resident GRP: 473 million 2006, Resident GRP: 481 million 2007, Resident GRP: 522 million 2008, Resident GRP: 556 million 2009, Resident GRP: 561 million 2010, Resident GRP: 561 million 2011, Resident GRP: 572 million 2012, Resident GRP: 583 million 2013, Resident GRP: 556 million 2014, Resident GRP: 559 million 2015, Resident GRP: 564 million 2016, Resident GRP: 512 million 2017, Resident GRP: 450 million 2018, Resident GRP: 437 million 2001, Industry GRP: 422 million 2002, Industry GRP: 444 million 2003, Industry GRP: 435 million 2004, Industry GRP: 448 million 2005, Industry GRP: 467 million 2006, Industry GRP: 472 million 2007, Industry GRP: 509 million 2008, Industry GRP: 538 million 2009, Industry GRP: 541 million 2010, Industry GRP: 541 million 2011, Industry GRP: 553 million 2012, Industry GRP: 562 million 2013, Industry GRP: 534 million 2014, Industry GRP: 540 million 2015, Industry GRP: 546 million 2016, Industry GRP: 496 million 2017, Industry GRP: 456 million 2018, Industry GRP: 461 million 2001, Headline GRP: 674 million 2002, Headline GRP: 719 million 2003, Headline GRP: 731 million 2004, Headline GRP: 718 million 2005, Headline GRP: 719 million 2006, Headline GRP: 722 million 2007, Headline GRP: 720 million 2008, Headline GRP: 717 million 2009, Headline GRP: 738 million 2010, Headline GRP: 749 million 2011, Headline GRP: 713 million 2012, Headline GRP: 705 million 2013, Headline GRP: 692 million 2014, Headline GRP: 696 million 2015, Headline GRP: 734 million 2016, Headline GRP: 715 million 2017, Headline GRP: 716 million 2018, Headline GRP: 728 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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