Different measures could be used to measure how an economy is performing, which includes the Gross Regional Product (GRP). GRP is the monetary value of all the finished goods and services produced within the region. According to figures provided by the Department of Primary Industries and Regional Development (DPIRD), the most recent GRP for the Kimberley was estimated at $2.78 billion (2017-18, current prices), which represented 1.1 per cent of the Gross State Product for that period.
For the past decade, the real Gross Regional Product in the Kimberley has been estimated in between $2 and $4 billion, representing circa 1 to 3 per cent of the Gross State Product for that period and most oscillations attributed to the mining sector.
Kimberley Economic Watchlist
The Commission monitors trends in the share prices and market capitalisation of Australian Stock Exchange (ASX) listed companies operating in the Kimberley region as a proxy for short to medium term economic activity. Commodity prices are also monitored. The dashboard below shows these trends, where all percentage growth increases in share prices and market capitalisation are in relation to base period June 2018 (click on individual legend series to toggle on/off).
Source: Australian Stock Exchange.
Page last updated: Wed Aug 7 2019 11:26:30 AM
Don't hesitate to call the Kimberley Development Commission with any queries or comments.
7 Ebony Street (PO Box 620)
Kununurra Western Australia 6743
T: +61 8 9148 2100
Upstairs: Cnr Napier & Dampier Terrace (PO Box 172)
Broome, Western Australia 6725
T: +61 8 9194 3000
Derby Western Australia 6728
T: +61 8 9194 3000 (Broome)