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Scenic Rim Regional Council

Gross Regional Product

Scenic Rim Regional Council’s Gross Regional Product was $1.77 billion in the year ending June 2018, growing 3.3% 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 Regional Council. 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

Scenic Rim Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20181,768+3.31,1231,4020.80
20171,712+1.41,1051,3810.80
20161,688+1.01,1711,4370.81
20151,672-0.71,2111,4930.81
20141,684-0.41,2411,5350.81
20131,691-1.01,2731,5660.81
20121,708+4.11,3191,6310.81
20111,641+3.01,3321,6230.82
20101,592+5.11,2691,5270.83
20091,515+0.31,2401,4560.85
20081,511+3.31,2691,5360.83
20071,462+5.01,2281,4910.82
20061,391+5.11,1641,3910.84
20051,324+8.71,0991,2870.85
20041,219+7.19591,1350.85
20031,138-2.38651,0260.84
20021,165+5.48931,0570.84
20011,105--8449780.86

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

Scenic Rim Regional Council - Gross Regional Product
Scenic Rim Regional Council - Gross Regional Product 2001, Resident GRP: 978 million 2002, Resident GRP: 1,057 million 2003, Resident GRP: 1,026 million 2004, Resident GRP: 1,135 million 2005, Resident GRP: 1,287 million 2006, Resident GRP: 1,391 million 2007, Resident GRP: 1,491 million 2008, Resident GRP: 1,536 million 2009, Resident GRP: 1,456 million 2010, Resident GRP: 1,527 million 2011, Resident GRP: 1,623 million 2012, Resident GRP: 1,631 million 2013, Resident GRP: 1,566 million 2014, Resident GRP: 1,535 million 2015, Resident GRP: 1,493 million 2016, Resident GRP: 1,437 million 2017, Resident GRP: 1,381 million 2018, Resident GRP: 1,402 million 2001, Industry GRP: 844 million 2002, Industry GRP: 893 million 2003, Industry GRP: 865 million 2004, Industry GRP: 959 million 2005, Industry GRP: 1,099 million 2006, Industry GRP: 1,164 million 2007, Industry GRP: 1,228 million 2008, Industry GRP: 1,269 million 2009, Industry GRP: 1,240 million 2010, Industry GRP: 1,269 million 2011, Industry GRP: 1,332 million 2012, Industry GRP: 1,319 million 2013, Industry GRP: 1,273 million 2014, Industry GRP: 1,241 million 2015, Industry GRP: 1,211 million 2016, Industry GRP: 1,171 million 2017, Industry GRP: 1,105 million 2018, Industry GRP: 1,123 million 2001, Headline GRP: 1,105 million 2002, Headline GRP: 1,165 million 2003, Headline GRP: 1,138 million 2004, Headline GRP: 1,219 million 2005, Headline GRP: 1,324 million 2006, Headline GRP: 1,391 million 2007, Headline GRP: 1,462 million 2008, Headline GRP: 1,511 million 2009, Headline GRP: 1,515 million 2010, Headline GRP: 1,592 million 2011, Headline GRP: 1,641 million 2012, Headline GRP: 1,708 million 2013, Headline GRP: 1,691 million 2014, Headline GRP: 1,684 million 2015, Headline GRP: 1,672 million 2016, Headline GRP: 1,688 million 2017, Headline GRP: 1,712 million 2018, Headline GRP: 1,768 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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