The Hills Shire CouncilEconomic profile
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The Hills Shire

Gross Regional Product

The Hills Shire’s Gross Regional Product was $11.46 billion in the year ending June 2019, growing 1.1% 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
201911,460+1.19,03112,0240.75
201811,337+4.58,98711,8850.76
201710,846+7.48,60511,3080.76
201610,103+7.18,20210,8790.75
20159,435+3.97,96110,5430.76
20149,083+3.27,78810,3620.75
20138,805+5.57,58010,0450.75
20128,346+3.37,4389,9060.75
20118,075+5.37,1609,6810.74
20107,671+3.46,8619,4110.73
20097,421+1.56,6269,1450.72
20087,314+3.06,5159,0680.72
20077,098+1.16,1288,7530.70
20067,022-1.55,9548,4480.70
20057,129-1.15,8918,1530.72
20047,207+2.35,5587,6840.72
20037,042+4.85,4707,2670.75
20026,717+3.15,3467,0110.76
20016,513--5,0766,6910.76

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

The Hills Shire - Gross Regional Product
The Hills Shire - Gross Regional Product 2001, Resident GRP: 6,691 million 2002, Resident GRP: 7,011 million 2003, Resident GRP: 7,267 million 2004, Resident GRP: 7,684 million 2005, Resident GRP: 8,153 million 2006, Resident GRP: 8,448 million 2007, Resident GRP: 8,753 million 2008, Resident GRP: 9,068 million 2009, Resident GRP: 9,145 million 2010, Resident GRP: 9,411 million 2011, Resident GRP: 9,681 million 2012, Resident GRP: 9,906 million 2013, Resident GRP: 10,045 million 2014, Resident GRP: 10,362 million 2015, Resident GRP: 10,543 million 2016, Resident GRP: 10,879 million 2017, Resident GRP: 11,308 million 2018, Resident GRP: 11,885 million 2019, Resident GRP: 12,024 million 2001, Industry GRP: 5,076 million 2002, Industry GRP: 5,346 million 2003, Industry GRP: 5,470 million 2004, Industry GRP: 5,558 million 2005, Industry GRP: 5,891 million 2006, Industry GRP: 5,954 million 2007, Industry GRP: 6,128 million 2008, Industry GRP: 6,515 million 2009, Industry GRP: 6,626 million 2010, Industry GRP: 6,861 million 2011, Industry GRP: 7,160 million 2012, Industry GRP: 7,438 million 2013, Industry GRP: 7,580 million 2014, Industry GRP: 7,788 million 2015, Industry GRP: 7,961 million 2016, Industry GRP: 8,202 million 2017, Industry GRP: 8,605 million 2018, Industry GRP: 8,987 million 2019, Industry GRP: 9,031 million 2001, Headline GRP: 6,513 million 2002, Headline GRP: 6,717 million 2003, Headline GRP: 7,042 million 2004, Headline GRP: 7,207 million 2005, Headline GRP: 7,129 million 2006, Headline GRP: 7,022 million 2007, Headline GRP: 7,098 million 2008, Headline GRP: 7,314 million 2009, Headline GRP: 7,421 million 2010, Headline GRP: 7,671 million 2011, Headline GRP: 8,075 million 2012, Headline GRP: 8,346 million 2013, Headline GRP: 8,805 million 2014, Headline GRP: 9,083 million 2015, Headline GRP: 9,435 million 2016, Headline GRP: 10,103 million 2017, Headline GRP: 10,846 million 2018, Headline GRP: 11,337 million 2019, Headline GRP: 11,460 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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