The Gross Regional Product (GRP) is a valuable measure of how the economy is performing, for instance the higher the GRP the more income the region is generating. GRP is the monetary value of all the finished goods and services produced within the region.
In 2013/14, the real Gross Regional Product in the Kimberley was estimated at $3.4 billion, which represented 1.3 per cent of the Gross State Product for that year. The following graph illustrates the growth of the Kimberley’s GRP since 2006, the large fluctuations in growth rate have been due to changes in the mining sector.
The contribution to Gross Regional Product by Industry sector can be seen in the figure below.
Source: Department of Regional Development, 2015.