KEMPSEY

Economic performance of a region can be measured using 10 headline indicators (or EPIs):

EPI 1: Population growth

EPI 6: Productivity level

EPI 2: Economic growth

EPI 7: Index of Economic Diversity

EPI 3: GRP per capita

EPI 8: Growth in dwelling approvals

EPI 4: Employment growth

EPI 9: Average business turnover

EPI 5: Unemployment Rate

EPI 10: Per capita income

Population

29,684 persons (2015)

EPI 1: Population growth

Measured by the annual % change in estimated resident population

Population Growth

	Population level	Population level	Annual change (+/-)	Annual % change	Average annual growth	Annual growth vs 5yr avg
	2015	1 year ago	2014-15	2014-15	2010-15
Kempsey	29,684	29,625	+59	0.2%	0.5%	Weak

Mid North Coast	313,526	311,841	+1,685	0.5%	0.6%	Average
New South Wales	7,617,684	7,513,418	+104,266	1.4%	1.3%	Outperform
Australia	23,777,777	23,460,694	+317,083	1.4%	1.5%	Weak

Source: ABS

Population

LGA Performance Ratings

	Level	Rating
Population change, 2014-15 (+/-)	+59
Population growth, 2014-15 (%)	0.2%
Average annual population growth, 2010-15 (%)	0.5%

Gross Regional Product

$1.3 billion (2014/15)

EPI 2: Economic growth

Measured by annual change in real Gross Regional Product

EPI 3: GRP per capita

Measured by the total GRP divided by the resident population

Gross Regional Product

	GRP ($M)	Annual growth	Average annual growth	Annual growth vs 5yr avg	GRP per capita ($)	Annual growth
	2014/15	2013/14-2014/15	last 5yrs		2014/15	2013/14-2014/15
Kempsey	1,255.2	4.6%	2.5%	Strong	41,993	1.8%

Mid North Coast	14,361.7	4.8%	2.7%	Strong	45,497	2.3%
New South Wales	492,352.0	3.6%	2.5%	Strong	67,423	0.9%
Australia	1,583,557.0	1.6%	2.5%	Weak	68,978	0.7%

Source: ABS, DEEWR, Lawrence Consulting

GRP per capita

LGA Performance Ratings

	Level	Rating
Annual GRP growth, 2013/14-2014/15 (%)	4.6%
Average annual GRP growth, last 5 years (%)	2.5%
GRP per capita, 2014/15 ($)	$41,993
Annual GRP per capita growth, 2013/14-2014/15 (%)	1.8%

Labour Market

11,125 employed persons (Mar Qtr 2016)

EPI 4: Employment growth

Measured by the annual change in employed persons (residents)

EPI 5: Unemployment rate

Measured by total unemployed persons as % of labour force

Labour Market

	Employed persons	Annual change (+/-)	Annual growth	Unemployment rate	Current rate vs 5yr avg
	Mar Qtr 2016	yr to Mar Qtr 2016	Mar Qtr 2016	Mar Qtr 2016
Kempsey	11,125	+300	2.8%	10.1%	Weak

Mid North Coast	135,037	+2,976	2.3%	7.2%	Weak
New South Wales	3,747,172	+119,695	3.3%	5.6%	Average
Australia	11,809,846	+232,662	2.0%	6.0%	Underperform

Source: DEEWR, Lawrence Consulting

Unemployment Rate

LGA Performance Ratings

	Level	Rating
Annual change in employed persons, yr to Mar Qtr 2016 (+/-)	+300
Annual growth in employed persons, Mar Qtr 2016 (%)	2.8%
Unemployment rate, Mar Qtr 2016 (%)	10.1%

Productivity

$58.08 value added/hr worked (2014/15)

EPI 6: Productivity

Measures the efficiency of production within a region by dividing the total value added/GRP by employee hours worked (i.e. labour productivity)

Productivity

	Productivity level	Productivity level	Annual change ($+/-)	Annual growth (%)
	2014/15	1 yr ago	2013/14-2014/15	2013/14-2014/15
Kempsey	$58.08	$56.79	+$1.29	2.3%

Mid North Coast	$58.71	$57.36	+$1.35	2.4%
New South Wales	$70.68	$68.81	+$1.86	2.7%
Australia	$81.55	$80.45	+$1.10	1.4%

Source: ABS, Lawrence Consulting

Labour Productivity

LGA Performance Ratings

	Level	Rating
Labour Productivity, 2014/15 ($value added/hr worked)	$58.08
Annual productivity growth, 2013/14-2014/15 (%)	2.3%

Economic Diversity

0.735 (2011)

EPI 7: Index of Economic Diversity

Measures economic diversity within a region by determining the degree to which the region�s industry mix differs from that of the nation. When the index value is close to one, the industrial profile of a region mirrors that of the national economy and is considered more diverse

Economic Diversity

	Index value	Index value
	(Australia = 1.000)	(State = 1.000)
Kempsey	0.735	0.759

Mid North Coast	0.814	0.830
New South Wales	0.980	1.000
Australia	1.000	-

Source: ABS

Index of Economic Diversity

LGA Performance Ratings

	Level	Rating
Index of Economic Diversity, 2011 (Australia = 1.000)	0.735

Building Activity

117 dwelling approvals (yr to Mar Qtr 2016)

EPI 8: Growth in dwelling approvals

Measured by annual % change in total dwelling approvals

Building Activity

	Dwelling approvals				Value of non-residential approvals
	Level	Annual growth	Trend	Annual growth vs 5yr avg	Level ($'000)	Annual growth	Trend
	yr to Mar Qtr 2016	yr to Mar Qtr 2016			yr to Mar Qtr 2016	yr to Mar Qtr 2016
Kempsey	117	53.9%		Weak	14,916	-55.1%

Mid North Coast	1,762	35.4%		Weak	125,750	-28.4%
New South Wales	64,338	18.9%		Underperform	8,732,959	-8.1%
Australia	219,315	6.1%		Average	29,733,685	-0.8%

Source: ABS

Dwelling Approvals

LGA Performance Ratings

	Level	Rating
Dwelling approvals, yr to Mar Qtr 2016 (no.)	117
Annual growth in dwelling approvals, yr to Mar Qtr 2016 (%)	53.9%
Value of non-residential approvals, yr to Mar Qtr 2016 ($�000)	14,916
Annual growth in non-residential approvals, yr to Mar Qtr 2016 (%)	-55.1%

Business Numbers

2,151 businesses (June 2015)

EPI 9: Average business turnover

Measured by the average turnover of entities whose registered place of business for GST is within the region

Local Business Turnover

	Business count	Annual growth	Estimated local business turnover ($M)	Annual growth	Average business turnover ($'000)
	June 2015	yr to June 2015	2014/15	2013/14-2014/15	2014/15
Kempsey	2,151	-1.6%	709.4	1.4%	329.8

Mid North Coast	23,060	-0.7%	8,671.0	4.6%	376.0
New South Wales	696,209	1.5%	291,908.7	5.1%	419.3
Australia	2,095,698	1.2%	884,887.4	4.2%	422.2

Source: ABS, Lawrence Consulting

Average Business Turnover

LGA Performance Ratings

	Level	Rating
Local businesses, June 2015 (no.)	2,151
Annual growth, yr to June 2015 (%)	-1.6%
Average business turnover, 2014/15 ($)	$329,777

Income

$16,630 per capita (2012/13)

EPI 10: Per capita income

Measured by total income based on ATO returns divided by estimated resident population

Personal Income

	Per capita income					Average wage
	Level	Annual growth	Trend	Average annual growth	Annual growth vs 5yr avg	Level	Annual growth
	2012/13	2011/12-2012/13		2007/08-2012/13		2012/13	2011/12-2012/13
Kempsey	$16,630	2.6%		2.8%	Average	44,666	7.5%

Mid North Coast	$20,431	5.7%		4.5%	Outperform	46,661	7.8%
New South Wales	$31,600	4.7%		3.7%	Average	60,070	5.6%
Australia	$31,968	5.1%		4.1%	Average	58,893	6.5%

Source: ABS, Lawrence Consulting

Per capita income

LGA Performance Ratings

	Level	Rating
Per capita income, 2012/13 ($)	$16,630
Annual growth, 2011/12-2012/13 (%)	2.6%
Average annual growth, last 5 years (%)	2.8%
Average wage, 2012/13 ($)	$44,666

Click on arrow to expand. Hover over data points in interactive graphs for actual values.

Kempsey
	Period	Level	Rating
EPI 1: Population growth	2015	0.2%
EPI 2: Economic growth	2014/15	4.6%
EPI 3: GRP per capita	2014/15	$41,993
EPI 4: Employment growth	yr to Mar Qtr 2016	2.8%
EPI 5: Unemployment rate	Mar Qtr 2016	10.1%
EPI 6: Productivity level	2014/15	$58.08
EPI 7: Index of Economic Diversity	2011	0.735
EPI 8: Growth in dwelling approvals	yr to Mar Qtr 2016	53.9%
EPI 9: Average business turnover	2014/15	$329,777
EPI 10: Per capita income	2012/13	$16,630

Average performance rating

For more detailed information, please refer to Kempsey Shire Council's economic publication Economic Brief here