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Queanbeyan-Palerang Regional Council area

Gross Regional Product

Queanbeyan-Palerang Regional Council area’s Gross Regional Product was $2.36 billion in the year ending June 2016, declining -1.5% since the previous year.

Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Changes in this figure over time can represent changes in employment, productivity or the types of industries in the area.

Local Industry GRP shows the value of the local economy, generated by the local workers within the area regardless of where they live, after taxes and dividends leave the area. It is best thought of as GRP produced by local industries.

Local Residents GRP refers to the economic output of the residents of the area regardless of where they work. It is best thought of as the income received by people in the Region. If the Residents GRP is high relative to the Local Industry GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).

To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with Jobs to workers ratio and Employment self-containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with industry Value added.

National Economics (NIEIR) - Modelled series

Queanbeyan-Palerang Regional Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20162,362-1.52,0663,7700.55
20152,399-1.82,1113,7400.56
20142,442-1.52,1343,6760.58
20132,478+3.62,1513,5920.60
20122,392+2.72,1413,5940.60
20112,330+3.32,0693,4670.60
20102,257+1.41,9143,2580.59
20092,225-1.91,8403,2020.57
20082,267+1.51,8313,2030.57
20072,233+4.71,6682,9380.57
20062,132+6.21,5582,7660.56
20052,008+7.11,4582,6140.56
20041,875+6.01,3312,3010.58
20031,769+8.91,2372,0980.59
20021,624+0.41,1341,9870.57
20011,617--1,1131,9320.58

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts.

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

Queanbeyan-Palerang Regional Council area - Gross Regional Product
Queanbeyan-Palerang Regional Council area - Gross Regional Product 2001, Resident GRP: 1,932 million 2002, Resident GRP: 1,987 million 2003, Resident GRP: 2,098 million 2004, Resident GRP: 2,301 million 2005, Resident GRP: 2,614 million 2006, Resident GRP: 2,766 million 2007, Resident GRP: 2,938 million 2008, Resident GRP: 3,203 million 2009, Resident GRP: 3,202 million 2010, Resident GRP: 3,258 million 2011, Resident GRP: 3,467 million 2012, Resident GRP: 3,594 million 2013, Resident GRP: 3,592 million 2014, Resident GRP: 3,676 million 2015, Resident GRP: 3,740 million 2016, Resident GRP: 3,770 million 2001, Industry GRP: 1,113 million 2002, Industry GRP: 1,134 million 2003, Industry GRP: 1,237 million 2004, Industry GRP: 1,331 million 2005, Industry GRP: 1,458 million 2006, Industry GRP: 1,558 million 2007, Industry GRP: 1,668 million 2008, Industry GRP: 1,831 million 2009, Industry GRP: 1,840 million 2010, Industry GRP: 1,914 million 2011, Industry GRP: 2,069 million 2012, Industry GRP: 2,141 million 2013, Industry GRP: 2,151 million 2014, Industry GRP: 2,134 million 2015, Industry GRP: 2,111 million 2016, Industry GRP: 2,066 million 2001, Headline GRP: 1,617 million 2002, Headline GRP: 1,624 million 2003, Headline GRP: 1,769 million 2004, Headline GRP: 1,875 million 2005, Headline GRP: 2,008 million 2006, Headline GRP: 2,132 million 2007, Headline GRP: 2,233 million 2008, Headline GRP: 2,267 million 2009, Headline GRP: 2,225 million 2010, Headline GRP: 2,257 million 2011, Headline GRP: 2,330 million 2012, Headline GRP: 2,392 million 2013, Headline GRP: 2,478 million 2014, Headline GRP: 2,442 million 2015, Headline GRP: 2,399 million 2016, Headline GRP: 2,362 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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