MID NORTH COAST

Mid North Coast Map Bellingen Clarence Valley Coffs Harbour Kempsey
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Economic performance of the Mid North Coast region can be measured using 10 headline indicators (or (EPIs)
collapsed expanded Population
313,526 persons (2015)
EPI 1: Population growth
Measured by the annual % change in estimated resident population
Population Growth
Population Annual growth Average annual
growth
2015 2014-15 2010-15
Bellingen 13,010 0.7% 0.2%
Clarence Valley 51,040 0.1% 0.0%
Coffs Harbour 72,971 0.9% 0.7%
Greater Taree 49,095 0.4% 0.6%
Kempsey 29,684 0.2% 0.5%
Nambucca 19,598 -0.2% 0.5%
Port Macquarie Hastings 78,128 0.9% 1.0%
Mid North Coast 313,526 0.5% 0.6%
New South Wales 7,617,684 1.4% 1.3%
Australia 23,777,777 1.4% 1.5%
Source: ABS
Population Growth
collapsed expanded Gross Regional Product
$14.4 billion (2014/15)
EPI 2: Economic growth
Measured by annual change in real Gross Regional Product
EPI 3: GRP per capita
Measured by the total GRP divided by the resident population
Gross Regional Product
GRP ($M) Annual growth GRP per capita ($)
2014/15 2013/14-2014/15 2014/15
Bellingen 471.1 6.7% 39,110
Clarence Valley 2,370.8 5.0% 44,975
Coffs Harbour 3,998.6 5.2% 53,855
Greater Taree 1,986.7 4.0% 39,628
Kempsey 1,255.2 4.6% 41,993
Nambucca 650.2 4.9% 36,046
Port Macquarie Hastings 3,629.2 4.5% 46,551
Mid North Coast 14,361.7 4.8% 45,497
New South Wales 492,352.0 3.6% 67,423
Australia 1,583,557.0 1.6% 68,978
Source: ABS, DEEWR, Lawrence Consulting
GRP per capita
collapsed expanded Labour Market
135,037 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 growth Unemployment rate
Mar Qtr 2016 yr to Mar Qtr 2016 Mar Qtr 2016
Bellingen 5,831 1.4% 5.7%
Clarence Valley 21,739 1.4% 6.5%
Coffs Harbour 35,534 0.9% 5.3%
Greater Taree 19,696 2.9% 9.7%
Kempsey 11,125 2.8% 10.1%
Nambucca 7,302 3.4% 10.2%
Port Macquarie Hastings 33,810 3.6% 6.4%
Mid North Coast 135,037 2.3% 7.2%
New South Wales 3,747,172 3.3% 5.6%
Australia 11,809,846 2.0% 6.0%
Source: DEEWR, Lawrence Consulting
Unemployment Rate
collapsed expanded Productivity
$58.71 value added/hr worked (2014/15)
EPI 6: Productivity
Measures the efficiency of production within a region by dividing the total value added/GRP by employee hours worked (i.e. labour productivity)
Productivity
Productivity level Annual change ($) Annual growth (%)
2014/15 2013/14-2014/15 2013/14-2014/15
Bellingen $55.82 $0.59 1.1%
Clarence Valley $57.94 $1.27 2.2%
Coffs Harbour $58.09 $1.40 2.5%
Greater Taree $58.57 $1.36 2.4%
Kempsey $58.08 $1.29 2.3%
Nambucca $59.40 $1.48 2.5%
Port Macquarie Hastings $60.53 $1.47 2.5%
Mid North Coast $58.71 $1.35 2.4%
New South Wales $70.68 $1.86 2.7%
Australia $81.55 $1.10 1.4%
Source: ABS, Lawrence Consulting
Labour Productivity
collapsed expanded Economic Diversity
0.814 (2011)
EPI 7: Index of Economic Diversity
Measures economic diversity within a region by determining the degree to which the region’s industry mix differs from that of the nation. When the index value is close to one, the industrial profile of a region mirrors that of the national economy and is considered more diverse
Economic Diversity
Index value Index value
(Australia = 1.000) (New South Wales = 1.000)
Bellingen 0.603 0.623
Clarence Valley 0.694 0.705
Coffs Harbour 0.830 0.840
Greater Taree 0.771 0.789
Kempsey 0.735 0.759
Nambucca 0.681 0.695
Port Macquarie Hastings 0.678 0.701
Mid North Coast 0.814 0.830
New South Wales 0.980 1.000
Australia 1.000 -
Source: ABS
Index of Economic Diversity
collapsed expanded Building Activity
1,762 dwelling approvals (yr to Mar Qtr 2016)
EPI 8: Growth in dwelling approvals
Measured by annual % change in total dwelling approvals
Building Activity
Dwelling approvals Annual growth Value of non-residential approvals ($'000) Annual growth
yr to Mar Qtr 2016 yr to Mar Qtr 2016 yr to Mar Qtr 2016 yr to Mar Qtr 2016
Bellingen 27 58.8% 752 -43.2%
Clarence Valley 208 65.1% 30,665 472.9%
Coffs Harbour 417 29.1% 32,877 0.5%
Greater Taree 292 33.3% 9,093 -57.2%
Kempsey 117 53.9% 14,916 -55.1%
Nambucca 52 -34.2% 5,276 -54.0%
Port Macquarie Hastings 649 40.8% 32,171 -54.2%
Mid North Coast 1,762 35.4% 125,750 -28.4%
New South Wales 64,338 18.9% 8,732,959 -8.1%
Australia 219,315 6.1% 29,733,685 -0.8%
Source: ABS
Dwelling Approvals
collapsed expanded Business Numbers
23,060 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 ($M) Average business turnover ($'000)
June 2015 yr to June 2015 2014/15 2014/15
Bellingen 1,122 -1.8% 353 314.7
Clarence Valley 3,794 -2.0% 1,297 341.9
Coffs Harbour 5,408 -0.4% 2,314 428.0
Greater Taree 3,261 -0.9% 1,221 374.3
Kempsey 2,151 -1.6% 709 329.8
Nambucca 1,403 -0.6% 445 317.5
Port Macquarie Hastings 5,921 0.7% 2,331 393.7
Mid North Coast 23,060 -0.7% 8,671 376.0
New South Wales 696,209 1.5% 291,909 419.3
Australia 2,095,698 1.2% 884,887 422.2
Source: ABS, Lawrence Consulting
Average Business Turnover
collapsed expanded Income
$20,431 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 Annual growth Average annual growth
2012/13 2011/12-2012/13 2007/08-2012/13
Bellingen $20,367 6.9% 4.9%
Clarence Valley $17,945 4.1% 3.0%
Coffs Harbour $23,358 7.8% 5.9%
Greater Taree $18,794 4.6% 3.8%
Kempsey $16,630 2.6% 2.8%
Nambucca $16,791 4.9% 4.6%
Port Macquarie Hastings $22,786 5.9% 4.8%
Mid North Coast $20,431 5.7% 4.5%
New South Wales $31,600 4.7% 3.7%
Australia $31,968 5.1% 4.1%
Source: ABS, Lawrence Consulting
Per capita income
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© Lawrence Consulting