The Hills Shire CouncilEconomic profile
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The Hills Shire

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

The Hills Shire’s Gross Regional Product was $15.28 billion in the year ending June 2017, declining -0.3% 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 Shire. 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

The Hills Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201715,280-0.311,33810,5461.08
201615,322+5.511,46310,2681.12
201514,517+6.511,4429,9441.15
201413,632+0.111,0949,2761.20
201313,623+7.510,7988,8051.23
201212,678-0.110,4938,6731.21
201112,691+5.810,3358,2881.25
201011,991+10.19,8107,7201.27
200910,892-6.09,5607,5901.26
200811,587-2.79,7697,4811.31
200711,909+6.79,6177,1401.35
200611,159+3.49,7226,9211.40
200510,792-1.59,2576,7151.38
200410,958+7.88,7006,3621.37
200310,169+5.07,9746,0241.32
20029,685-0.87,8385,7681.36
20019,760--7,7785,8211.34

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2015-16 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

The Hills Shire - Gross Regional Product
The Hills Shire - Gross Regional Product 2001, Resident GRP: 5,821 million 2002, Resident GRP: 5,768 million 2003, Resident GRP: 6,024 million 2004, Resident GRP: 6,362 million 2005, Resident GRP: 6,715 million 2006, Resident GRP: 6,921 million 2007, Resident GRP: 7,140 million 2008, Resident GRP: 7,481 million 2009, Resident GRP: 7,590 million 2010, Resident GRP: 7,720 million 2011, Resident GRP: 8,288 million 2012, Resident GRP: 8,673 million 2013, Resident GRP: 8,805 million 2014, Resident GRP: 9,276 million 2015, Resident GRP: 9,944 million 2016, Resident GRP: 10,268 million 2017, Resident GRP: 10,546 million 2001, Industry GRP: 7,778 million 2002, Industry GRP: 7,838 million 2003, Industry GRP: 7,974 million 2004, Industry GRP: 8,700 million 2005, Industry GRP: 9,257 million 2006, Industry GRP: 9,722 million 2007, Industry GRP: 9,617 million 2008, Industry GRP: 9,769 million 2009, Industry GRP: 9,560 million 2010, Industry GRP: 9,810 million 2011, Industry GRP: 10,335 million 2012, Industry GRP: 10,493 million 2013, Industry GRP: 10,798 million 2014, Industry GRP: 11,094 million 2015, Industry GRP: 11,442 million 2016, Industry GRP: 11,463 million 2017, Industry GRP: 11,338 million 2001, Headline GRP: 9,760 million 2002, Headline GRP: 9,685 million 2003, Headline GRP: 10,169 million 2004, Headline GRP: 10,958 million 2005, Headline GRP: 10,792 million 2006, Headline GRP: 11,159 million 2007, Headline GRP: 11,909 million 2008, Headline GRP: 11,587 million 2009, Headline GRP: 10,892 million 2010, Headline GRP: 11,991 million 2011, Headline GRP: 12,691 million 2012, Headline GRP: 12,678 million 2013, Headline GRP: 13,623 million 2014, Headline GRP: 13,632 million 2015, Headline GRP: 14,517 million 2016, Headline GRP: 15,322 million 2017, Headline GRP: 15,280 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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