The total value added by the Yarra Ranges economy is estimated at $4.191 billion. Yarra Ranges represents 1.86 % of the $225.814 billion value added in Greater Melbourne.
Definition: Value-Added data represents the marginal economic value that is added by each industry sector in a defined region. Value-Added can be calculated by subtracting local expenditure and expenditure on regional imports from the output generated by an industry sector, or alternatively, by adding the Wages & Salaries paid to local employees, the gross operating surplus and taxes on products and production. Value-Added by industry sector is the major element in the calculation of Gross Regional Product.
Source: Latest REMPLAN data incorporating Australian Bureau of Statistics’ (ABS) June 2012 Gross State Product, 2008 / 2009 National Input Output Tables and 2011 Census Place of Work Employment Data.
Maps: State, Statistical Sub Division, Local Government Area and Statistical Local Area geographic boundaries are sourced from the Australian Bureau of Statistics. Destination Zone boundaries are sourced from Vic Roads, Transport NSW, Department of Transport and Main Roads (QLD), Department for Planning and Infrastructure (WA), Department of Lands and Planning (NT), Department for Transport, Energy and Infrastructure (SA), Department of Infrastructure, Energy and Resources (TAS) and Transport and Planning (ACT).