Gympie Regional CouncilEconomic profile

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Gympie Regional Council

Gross Regional Product

Gympie Regional Council’s Gross Regional Product was $2.02 billion in the year ending June 2016, growing 1.8% 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

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

Data is based on 2015-16 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: 1,007 million 2002, Resident GRP: 1,036 million 2003, Resident GRP: 1,034 million 2004, Resident GRP: 1,121 million 2005, Resident GRP: 1,248 million 2006, Resident GRP: 1,338 million 2007, Resident GRP: 1,426 million 2008, Resident GRP: 1,510 million 2009, Resident GRP: 1,532 million 2010, Resident GRP: 1,513 million 2011, Resident GRP: 1,580 million 2012, Resident GRP: 1,610 million 2013, Resident GRP: 1,568 million 2014, Resident GRP: 1,533 million 2015, Resident GRP: 1,493 million 2016, Resident GRP: 1,449 million 2001, Industry GRP: 980 million 2002, Industry GRP: 1,009 million 2003, Industry GRP: 1,009 million 2004, Industry GRP: 1,098 million 2005, Industry GRP: 1,227 million 2006, Industry GRP: 1,317 million 2007, Industry GRP: 1,399 million 2008, Industry GRP: 1,466 million 2009, Industry GRP: 1,477 million 2010, Industry GRP: 1,446 million 2011, Industry GRP: 1,493 million 2012, Industry GRP: 1,505 million 2013, Industry GRP: 1,455 million 2014, Industry GRP: 1,417 million 2015, Industry GRP: 1,376 million 2016, Industry GRP: 1,339 million 2001, Headline GRP: 1,530 million 2002, Headline GRP: 1,543 million 2003, Headline GRP: 1,498 million 2004, Headline GRP: 1,581 million 2005, Headline GRP: 1,698 million 2006, Headline GRP: 1,782 million 2007, Headline GRP: 1,849 million 2008, Headline GRP: 1,932 million 2009, Headline GRP: 1,955 million 2010, Headline GRP: 1,907 million 2011, Headline GRP: 1,896 million 2012, Headline GRP: 1,941 million 2013, Headline GRP: 1,929 million 2014, Headline GRP: 2,001 million 2015, Headline GRP: 1,984 million 2016, Headline GRP: 2,019 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in by .id the population experts

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