RDA Wide Bay Burnett RegionEconomic profile
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RDA Wide Bay Burnett Region

Gross Regional Product

RDA Wide Bay Burnett Region’s Gross Regional Product was $11.96 billion in the year ending June 2016, growing 0.1% 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 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

RDA Wide Bay Burnett Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201611,957+0.17,7798,3820.93
201511,946-0.28,0768,7170.93
201411,973+2.88,3028,9480.93
201311,652+0.28,5459,1670.93
201211,626+2.88,8229,4000.94
201111,305+0.18,7019,2070.95
201011,295-2.08,3748,7970.95
200911,531+1.38,5148,8900.96
200811,379+2.58,4318,7660.96
200711,106+2.88,0708,3410.97
200610,803+6.47,5927,8170.97
200510,150+8.96,9967,1960.97
20049,323+6.36,2146,3870.97
20038,773-0.15,6935,8380.98
20028,782+1.85,6925,8090.98
20018,629--5,4375,5320.98

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.

RDA Wide Bay Burnett Region - Gross Regional Product
RDA Wide Bay Burnett Region - Gross Regional Product 2001, Resident GRP: 5,532 million 2002, Resident GRP: 5,809 million 2003, Resident GRP: 5,838 million 2004, Resident GRP: 6,387 million 2005, Resident GRP: 7,196 million 2006, Resident GRP: 7,817 million 2007, Resident GRP: 8,341 million 2008, Resident GRP: 8,766 million 2009, Resident GRP: 8,890 million 2010, Resident GRP: 8,797 million 2011, Resident GRP: 9,207 million 2012, Resident GRP: 9,400 million 2013, Resident GRP: 9,167 million 2014, Resident GRP: 8,948 million 2015, Resident GRP: 8,717 million 2016, Resident GRP: 8,382 million 2001, Industry GRP: 5,437 million 2002, Industry GRP: 5,692 million 2003, Industry GRP: 5,693 million 2004, Industry GRP: 6,214 million 2005, Industry GRP: 6,996 million 2006, Industry GRP: 7,592 million 2007, Industry GRP: 8,070 million 2008, Industry GRP: 8,431 million 2009, Industry GRP: 8,514 million 2010, Industry GRP: 8,374 million 2011, Industry GRP: 8,701 million 2012, Industry GRP: 8,822 million 2013, Industry GRP: 8,545 million 2014, Industry GRP: 8,302 million 2015, Industry GRP: 8,076 million 2016, Industry GRP: 7,779 million 2001, Headline GRP: 8,629 million 2002, Headline GRP: 8,782 million 2003, Headline GRP: 8,773 million 2004, Headline GRP: 9,323 million 2005, Headline GRP: 10,150 million 2006, Headline GRP: 10,803 million 2007, Headline GRP: 11,106 million 2008, Headline GRP: 11,379 million 2009, Headline GRP: 11,531 million 2010, Headline GRP: 11,295 million 2011, Headline GRP: 11,305 million 2012, Headline GRP: 11,626 million 2013, Headline GRP: 11,652 million 2014, Headline GRP: 11,973 million 2015, Headline GRP: 11,946 million 2016, Headline GRP: 11,957 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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