Yass ValleyEconomic profile
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Yass Valley

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.

Yass Valley’s Gross Regional Product was $0.61 billion in the year ending June 2017, growing 2.8% 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 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

Yass Valley - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2017606+2.84971,0450.48
2016589+2.45031,0270.49
2015576+2.14929950.49
2014564-4.94779510.50
2013593-1.14789480.50
2012599-1.14929630.51
2011606+6.54859280.52
2010569+6.04428420.52
2009537+4.74207880.53
2008513+3.54147610.54
2007495+1.33847000.55
2006489+1.53806790.56
2005482+2.43696570.56
2004470+3.23325930.56
2003456-0.23065480.56
2002457+11.13035360.56
2001411--2915090.57

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

Yass Valley - Gross Regional Product
Yass Valley - Gross Regional Product 2001, Resident GRP: 509 million 2002, Resident GRP: 536 million 2003, Resident GRP: 548 million 2004, Resident GRP: 593 million 2005, Resident GRP: 657 million 2006, Resident GRP: 679 million 2007, Resident GRP: 700 million 2008, Resident GRP: 761 million 2009, Resident GRP: 788 million 2010, Resident GRP: 842 million 2011, Resident GRP: 928 million 2012, Resident GRP: 963 million 2013, Resident GRP: 948 million 2014, Resident GRP: 951 million 2015, Resident GRP: 995 million 2016, Resident GRP: 1,027 million 2017, Resident GRP: 1,045 million 2001, Industry GRP: 291 million 2002, Industry GRP: 303 million 2003, Industry GRP: 306 million 2004, Industry GRP: 332 million 2005, Industry GRP: 369 million 2006, Industry GRP: 380 million 2007, Industry GRP: 384 million 2008, Industry GRP: 414 million 2009, Industry GRP: 420 million 2010, Industry GRP: 442 million 2011, Industry GRP: 485 million 2012, Industry GRP: 492 million 2013, Industry GRP: 478 million 2014, Industry GRP: 477 million 2015, Industry GRP: 492 million 2016, Industry GRP: 503 million 2017, Industry GRP: 497 million 2001, Headline GRP: 411 million 2002, Headline GRP: 457 million 2003, Headline GRP: 456 million 2004, Headline GRP: 470 million 2005, Headline GRP: 482 million 2006, Headline GRP: 489 million 2007, Headline GRP: 495 million 2008, Headline GRP: 513 million 2009, Headline GRP: 537 million 2010, Headline GRP: 569 million 2011, Headline GRP: 606 million 2012, Headline GRP: 599 million 2013, Headline GRP: 593 million 2014, Headline GRP: 564 million 2015, Headline GRP: 576 million 2016, Headline GRP: 589 million 2017, Headline GRP: 606 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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