RDA Yorke and Mid North RegionEconomic profile
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Mid North Region

Gross Regional Product

Mid North Region’s Gross Regional Product was $1.16 billion in the year ending June 2018, declining -3.4% 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

Mid North Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20181,159-3.45825940.98
20171,199+7.35866050.97
20161,117+1.36897190.96
20151,103+1.87398170.90
20141,084-2.57508630.87
20131,112-5.17598460.90
20121,173-5.38038420.95
20111,239-0.68268650.96
20101,247+4.77758160.95
20091,190+4.17688160.94
20081,144+6.77888380.94
20071,071-11.27618010.95
20061,206-13.78218630.95
20051,398-5.79491,0130.94
20041,482-7.91,0291,0990.94
20031,609-13.51,1101,1900.93
20021,859+6.21,3311,4190.94
20011,750--1,1971,2690.94

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

Mid North Region - Gross Regional Product
Mid North Region - Gross Regional Product 2001, Resident GRP: 1,269 million 2002, Resident GRP: 1,419 million 2003, Resident GRP: 1,190 million 2004, Resident GRP: 1,099 million 2005, Resident GRP: 1,013 million 2006, Resident GRP: 863 million 2007, Resident GRP: 801 million 2008, Resident GRP: 838 million 2009, Resident GRP: 816 million 2010, Resident GRP: 816 million 2011, Resident GRP: 865 million 2012, Resident GRP: 842 million 2013, Resident GRP: 846 million 2014, Resident GRP: 863 million 2015, Resident GRP: 817 million 2016, Resident GRP: 719 million 2017, Resident GRP: 605 million 2018, Resident GRP: 594 million 2001, Industry GRP: 1,197 million 2002, Industry GRP: 1,331 million 2003, Industry GRP: 1,110 million 2004, Industry GRP: 1,029 million 2005, Industry GRP: 949 million 2006, Industry GRP: 821 million 2007, Industry GRP: 761 million 2008, Industry GRP: 788 million 2009, Industry GRP: 768 million 2010, Industry GRP: 775 million 2011, Industry GRP: 826 million 2012, Industry GRP: 803 million 2013, Industry GRP: 759 million 2014, Industry GRP: 750 million 2015, Industry GRP: 739 million 2016, Industry GRP: 689 million 2017, Industry GRP: 586 million 2018, Industry GRP: 582 million 2001, Headline GRP: 1,750 million 2002, Headline GRP: 1,859 million 2003, Headline GRP: 1,609 million 2004, Headline GRP: 1,482 million 2005, Headline GRP: 1,398 million 2006, Headline GRP: 1,206 million 2007, Headline GRP: 1,071 million 2008, Headline GRP: 1,144 million 2009, Headline GRP: 1,190 million 2010, Headline GRP: 1,247 million 2011, Headline GRP: 1,239 million 2012, Headline GRP: 1,173 million 2013, Headline GRP: 1,112 million 2014, Headline GRP: 1,084 million 2015, Headline GRP: 1,103 million 2016, Headline GRP: 1,117 million 2017, Headline GRP: 1,199 million 2018, Headline GRP: 1,159 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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