Clarence Valley Independent, 18 December 2019:
Clarence Valley is outperforming the rest of regional NSW, according to the latest gross regional product figures for the year ending June 30, 2019.
“Gross regional product (GRP) is the equivalent of gross domestic product (GDP), but for a smaller area,” the .idcommunity demographic resources update states on Clarence Valley Council’s (CVC) website.
The CVC local government area’s GRP was $2,134m as of June 30, 2019.
The valley’s GRP grew by 3.1 per cent, which followed 1.3 per cent growth in 2018; whereas regional areas of NSW, overall, went backwards by 0.5 percent in both 2018 and 2019 – another national study, released this week by SGS Economics and Planning, rates GRP for the NSW regions as falling by 0.3 per cent......
In 2019 there were 18, 854 jobs in the valley, up by 3.1 per cent on 2018’s 18,288 jobs.
However, it is likely that the infrastructure builds in the valley have inflated that figure.....
Read the full article here.
The 2019-20 financial year may be a different story come end of June 2020, as bushfires have devastated much of the Clarence Valley's natural assets which attract a high number of visitors to the region and prolonged drought has bitten deeply, with the entire local government area impacted by drought & just over 88 per cent by intense drought as the year ends.
The 2019-20 financial year may be a different story come end of June 2020, as bushfires have devastated much of the Clarence Valley's natural assets which attract a high number of visitors to the region and prolonged drought has bitten deeply, with the entire local government area impacted by drought & just over 88 per cent by intense drought as the year ends.
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