Maranoa Regional CouncilEconomic profile

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Maranoa Regional Council

Gross Regional Product

Maranoa Regional Council’s Gross Regional Product was $1.51 billion in the year ending June 2015, growing 16.5% 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

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
20151,511+16.56416151.04
20141,297+11.46666401.04
20131,164+8.96786551.03
20121,069+16.26946591.05
2011921+7.46686301.06
2010857-0.86095771.05
2009863+3.06075721.06
2008838-2.76085691.07
2007861+2.95605301.06
2006837-14.25305001.06
2005976+6.45074801.06
2004918+0.54724541.04
2003913-6.24574491.02
2002973-5.54764731.01
20011,030--4614700.98

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: 470 million 2002, Resident GRP: 473 million 2003, Resident GRP: 449 million 2004, Resident GRP: 454 million 2005, Resident GRP: 480 million 2006, Resident GRP: 500 million 2007, Resident GRP: 530 million 2008, Resident GRP: 569 million 2009, Resident GRP: 572 million 2010, Resident GRP: 577 million 2011, Resident GRP: 630 million 2012, Resident GRP: 659 million 2013, Resident GRP: 655 million 2014, Resident GRP: 640 million 2015, Resident GRP: 615 million 2001, Industry GRP: 461 million 2002, Industry GRP: 476 million 2003, Industry GRP: 457 million 2004, Industry GRP: 472 million 2005, Industry GRP: 507 million 2006, Industry GRP: 530 million 2007, Industry GRP: 560 million 2008, Industry GRP: 608 million 2009, Industry GRP: 607 million 2010, Industry GRP: 609 million 2011, Industry GRP: 668 million 2012, Industry GRP: 694 million 2013, Industry GRP: 678 million 2014, Industry GRP: 666 million 2015, Industry GRP: 641 million 2001, Headline GRP: 1,030 million 2002, Headline GRP: 973 million 2003, Headline GRP: 913 million 2004, Headline GRP: 918 million 2005, Headline GRP: 976 million 2006, Headline GRP: 837 million 2007, Headline GRP: 861 million 2008, Headline GRP: 838 million 2009, Headline GRP: 863 million 2010, Headline GRP: 857 million 2011, Headline GRP: 921 million 2012, Headline GRP: 1,069 million 2013, Headline GRP: 1,164 million 2014, Headline GRP: 1,297 million 2015, Headline GRP: 1,511 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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