Gympie Regional CouncilEconomic profile

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Gympie Regional Council

Gross Regional Product

Gympie Regional Council’s Gross Regional Product was $1.79 billion in the year ending June 2015, 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 Regional Council. 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

Gympie Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20151,792-1.51,3621,5030.91
20141,819+7.01,3851,5230.91
20131,700+0.11,3881,5190.91
20121,699+2.41,4341,5540.92
20111,660-0.61,4231,5260.93
20101,669-2.31,3791,4630.94
20091,709+1.41,4111,4830.95
20081,685+4.61,4131,4690.96
20071,611+3.61,3631,3980.97
20061,555+4.91,2691,3040.97
20051,483+7.41,1841,2230.97
20041,381+7.11,0741,1100.97
20031,289-4.19961,0340.96
20021,344+1.91,0011,0430.96
20011,319--9609960.96

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 2013-14 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.

Gympie Regional Council - Gross Regional Product
Gympie Regional Council - Gross Regional Product 2001, Resident GRP: 996 million 2002, Resident GRP: 1,043 million 2003, Resident GRP: 1,034 million 2004, Resident GRP: 1,110 million 2005, Resident GRP: 1,223 million 2006, Resident GRP: 1,304 million 2007, Resident GRP: 1,398 million 2008, Resident GRP: 1,469 million 2009, Resident GRP: 1,483 million 2010, Resident GRP: 1,463 million 2011, Resident GRP: 1,526 million 2012, Resident GRP: 1,554 million 2013, Resident GRP: 1,519 million 2014, Resident GRP: 1,523 million 2015, Resident GRP: 1,503 million 2001, Industry GRP: 960 million 2002, Industry GRP: 1,001 million 2003, Industry GRP: 996 million 2004, Industry GRP: 1,074 million 2005, Industry GRP: 1,184 million 2006, Industry GRP: 1,269 million 2007, Industry GRP: 1,363 million 2008, Industry GRP: 1,413 million 2009, Industry GRP: 1,411 million 2010, Industry GRP: 1,379 million 2011, Industry GRP: 1,423 million 2012, Industry GRP: 1,434 million 2013, Industry GRP: 1,388 million 2014, Industry GRP: 1,385 million 2015, Industry GRP: 1,362 million 2001, Headline GRP: 1,319 million 2002, Headline GRP: 1,344 million 2003, Headline GRP: 1,289 million 2004, Headline GRP: 1,381 million 2005, Headline GRP: 1,483 million 2006, Headline GRP: 1,555 million 2007, Headline GRP: 1,611 million 2008, Headline GRP: 1,685 million 2009, Headline GRP: 1,709 million 2010, Headline GRP: 1,669 million 2011, Headline GRP: 1,660 million 2012, Headline GRP: 1,699 million 2013, Headline GRP: 1,700 million 2014, Headline GRP: 1,819 million 2015, Headline GRP: 1,792 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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