Redland City's Gross Regional Product was $4,663m as of the 30th June 2013.
The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2001.
|Gross Regional Product (GRP)|
|Year (ending June 30)||GRP $m||% change from previous year||GRP $m||% change from previous year||Redland City as a % of Queensland|
Source: National Institute of Economic and Industry Research (NIEIR) ©2014. Compiled and presented in economy.id by .id The population experts
Data is based on 2011-12 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.