Maranoa Regional CouncilEconomic profile

Have you noticed that pages have moved around? We've updated the structure of economic profile to make it easier to find what you need. Read the full list of changes

Skip to content

Maranoa Regional Council

Gross Regional Product

Maranoa Regional Council’s Gross Regional Product was $1.23 billion in the year ending June 2016, declining -4.1% 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

Maranoa 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
20161,226-4.16365951.07
20151,279-4.87096461.10
20141,344+5.47506771.11
20131,275+5.27556851.10
20121,212+16.37316701.09
20111,042+7.26886351.08
2010972-0.16335921.07
2009973+9.35915681.04
2008890+5.15975791.03
2007847+2.45255201.01
2006827-7.44814811.00
2005894+9.44644651.00
2004817-2.64404440.99
2003839-4.04364410.99
2002874+2.44514550.99
2001854--4594630.99

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 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.

Maranoa Regional Council - Gross Regional Product
Maranoa Regional Council - Gross Regional Product 2001, Resident GRP: 463 million 2002, Resident GRP: 455 million 2003, Resident GRP: 441 million 2004, Resident GRP: 444 million 2005, Resident GRP: 465 million 2006, Resident GRP: 481 million 2007, Resident GRP: 520 million 2008, Resident GRP: 579 million 2009, Resident GRP: 568 million 2010, Resident GRP: 592 million 2011, Resident GRP: 635 million 2012, Resident GRP: 670 million 2013, Resident GRP: 685 million 2014, Resident GRP: 677 million 2015, Resident GRP: 646 million 2016, Resident GRP: 595 million 2001, Industry GRP: 459 million 2002, Industry GRP: 451 million 2003, Industry GRP: 436 million 2004, Industry GRP: 440 million 2005, Industry GRP: 464 million 2006, Industry GRP: 481 million 2007, Industry GRP: 525 million 2008, Industry GRP: 597 million 2009, Industry GRP: 591 million 2010, Industry GRP: 633 million 2011, Industry GRP: 688 million 2012, Industry GRP: 731 million 2013, Industry GRP: 755 million 2014, Industry GRP: 750 million 2015, Industry GRP: 709 million 2016, Industry GRP: 636 million 2001, Headline GRP: 854 million 2002, Headline GRP: 874 million 2003, Headline GRP: 839 million 2004, Headline GRP: 817 million 2005, Headline GRP: 894 million 2006, Headline GRP: 827 million 2007, Headline GRP: 847 million 2008, Headline GRP: 890 million 2009, Headline GRP: 973 million 2010, Headline GRP: 972 million 2011, Headline GRP: 1,042 million 2012, Headline GRP: 1,212 million 2013, Headline GRP: 1,275 million 2014, Headline GRP: 1,344 million 2015, Headline GRP: 1,279 million 2016, Headline GRP: 1,226 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v16.07.05-1.0.8