Upper Lachlan ShireEconomic profile
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Upper Lachlan Shire

Gross Regional Product

Upper Lachlan Shire’s Gross Regional Product was $0.45 billion in the year ending June 2018, declining -11.1% 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

Upper Lachlan Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018449-11.12923970.74
2017505+5.63063990.77
2016478+0.23063950.77
2015478+4.02763670.75
2014459+0.42603510.74
2013457-3.72673640.73
2012475+0.52743680.74
2011473+1.92553460.74
2010464+1.32343220.73
2009458+6.12263150.72
2008432+0.52183100.70
2007430-4.82062910.71
2006451-1.52153000.72
2005458-0.62123020.70
2004461+22.42002930.68
2003376+5.31822750.66
2002358+4.41902790.68
2001342--1862730.68

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

Upper Lachlan Shire - Gross Regional Product
Upper Lachlan Shire - Gross Regional Product 2001, Resident GRP: 273 million 2002, Resident GRP: 279 million 2003, Resident GRP: 275 million 2004, Resident GRP: 293 million 2005, Resident GRP: 302 million 2006, Resident GRP: 300 million 2007, Resident GRP: 291 million 2008, Resident GRP: 310 million 2009, Resident GRP: 315 million 2010, Resident GRP: 322 million 2011, Resident GRP: 346 million 2012, Resident GRP: 368 million 2013, Resident GRP: 364 million 2014, Resident GRP: 351 million 2015, Resident GRP: 367 million 2016, Resident GRP: 395 million 2017, Resident GRP: 399 million 2018, Resident GRP: 397 million 2001, Industry GRP: 186 million 2002, Industry GRP: 190 million 2003, Industry GRP: 182 million 2004, Industry GRP: 200 million 2005, Industry GRP: 212 million 2006, Industry GRP: 215 million 2007, Industry GRP: 206 million 2008, Industry GRP: 218 million 2009, Industry GRP: 226 million 2010, Industry GRP: 234 million 2011, Industry GRP: 255 million 2012, Industry GRP: 274 million 2013, Industry GRP: 267 million 2014, Industry GRP: 260 million 2015, Industry GRP: 276 million 2016, Industry GRP: 306 million 2017, Industry GRP: 306 million 2018, Industry GRP: 292 million 2001, Headline GRP: 342 million 2002, Headline GRP: 358 million 2003, Headline GRP: 376 million 2004, Headline GRP: 461 million 2005, Headline GRP: 458 million 2006, Headline GRP: 451 million 2007, Headline GRP: 430 million 2008, Headline GRP: 432 million 2009, Headline GRP: 458 million 2010, Headline GRP: 464 million 2011, Headline GRP: 473 million 2012, Headline GRP: 475 million 2013, Headline GRP: 457 million 2014, Headline GRP: 459 million 2015, Headline GRP: 478 million 2016, Headline GRP: 478 million 2017, Headline GRP: 505 million 2018, Headline GRP: 449 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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