Gross Regional Product
Definition: Gross Regional Product (GRP) is the market value of all final goods and services produced
by all firms in an economy (as distinguished from goods still in the process of production that are
purchased by one firm from another for further processing and resale, which are included in total turnover).
All values are measured in current prices, whilst percentage changes reflect growth in chain volume measures.
Series: 2003/04-present
Source: Lawrence Consulting
Gross regional product at current prices ($ million)
Richmond Valley
| Gross Regional Product |
|
Richmond Valley
|
New South Wales
|
| |
| Gross Regional Product |
|
|
| Level ($ million), 2011/12 |
$823.6 |
$455,275 |
| Annual % change |
+7.3% |
+2.4% |
| 5-year average annual % change |
+1.5% |
+2.2% |
| |
| GRP per capita |
|
|
| Level ($), 2011/12 |
$36,287 |
$63,132 |
| Annual % change |
+7.0% |
+1.5% |
| 5-year average annual % change |
+1.0% |
+1.0% |
GRP per capita
For more detailed information, please refer to Richmond Valley Council's website here