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Scenic Rim Regional Council

Gross Regional Product

Scenic Rim Regional Council’s Gross Regional Product was $1.86 billion in the year ending June 2019, declining -1.5% 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 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
20191,860-1.51,4331,7740.81
20181,887+5.11,3981,7440.80
20171,796+2.71,3841,7140.81
20161,749+0.61,3561,6660.81
20151,738-1.01,3101,6240.81
20141,755-0.31,3061,6130.81
20131,761-0.61,3261,6290.81
20121,772+6.01,3271,6460.81
20111,672+1.81,3101,6070.82
20101,642+6.91,2901,5400.84
20091,536-0.21,2471,4610.85
20081,539+6.11,2381,5060.82
20071,451+6.51,1821,4450.82
20061,362+3.51,0891,3190.83
20051,316+5.91,0311,2290.84
20041,243+6.09421,1260.84
20031,173-0.88811,0410.85
20021,182+6.19071,0660.85
20011,114--8289620.86

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. 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: 962 million 2002, Resident GRP: 1,066 million 2003, Resident GRP: 1,041 million 2004, Resident GRP: 1,126 million 2005, Resident GRP: 1,229 million 2006, Resident GRP: 1,319 million 2007, Resident GRP: 1,445 million 2008, Resident GRP: 1,506 million 2009, Resident GRP: 1,461 million 2010, Resident GRP: 1,540 million 2011, Resident GRP: 1,607 million 2012, Resident GRP: 1,646 million 2013, Resident GRP: 1,629 million 2014, Resident GRP: 1,613 million 2015, Resident GRP: 1,624 million 2016, Resident GRP: 1,666 million 2017, Resident GRP: 1,714 million 2018, Resident GRP: 1,744 million 2019, Resident GRP: 1,774 million 2001, Industry GRP: 828 million 2002, Industry GRP: 907 million 2003, Industry GRP: 881 million 2004, Industry GRP: 942 million 2005, Industry GRP: 1,031 million 2006, Industry GRP: 1,089 million 2007, Industry GRP: 1,182 million 2008, Industry GRP: 1,238 million 2009, Industry GRP: 1,247 million 2010, Industry GRP: 1,290 million 2011, Industry GRP: 1,310 million 2012, Industry GRP: 1,327 million 2013, Industry GRP: 1,326 million 2014, Industry GRP: 1,306 million 2015, Industry GRP: 1,310 million 2016, Industry GRP: 1,356 million 2017, Industry GRP: 1,384 million 2018, Industry GRP: 1,398 million 2019, Industry GRP: 1,433 million 2001, Headline GRP: 1,114 million 2002, Headline GRP: 1,182 million 2003, Headline GRP: 1,173 million 2004, Headline GRP: 1,243 million 2005, Headline GRP: 1,316 million 2006, Headline GRP: 1,362 million 2007, Headline GRP: 1,451 million 2008, Headline GRP: 1,539 million 2009, Headline GRP: 1,536 million 2010, Headline GRP: 1,642 million 2011, Headline GRP: 1,672 million 2012, Headline GRP: 1,772 million 2013, Headline GRP: 1,761 million 2014, Headline GRP: 1,755 million 2015, Headline GRP: 1,738 million 2016, Headline GRP: 1,749 million 2017, Headline GRP: 1,796 million 2018, Headline GRP: 1,887 million 2019, Headline GRP: 1,860 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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