Balonne ShireEconomic profile
Skip to content

Balonne Shire

Gross Regional Product

Balonne Shire’s Gross Regional Product was $0.34 billion in the year ending June 2019, declining -0.7% 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 Shire. 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

Balonne Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2019336-0.72232250.99
2018338-7.12312301.00
2017364+8.92522481.02
2016334-4.82452391.02
2015351-3.42422361.03
2014363-7.32382341.02
2013392-0.42552491.02
2012394+4.32652541.04
2011377-2.32452381.03
2010386-4.72332261.03
2009405+11.22352311.01
2008364+1.82262261.00
2007358-13.22342341.00
2006412-14.12762751.00
2005480-15.33193181.00
2004567+3.63653651.00
2003547-13.93743751.00
2002636-0.54574581.00
2001639--4294311.00

Source: National Institute of Economic and Industry Research (NIEIR) ©2019. Compiled and presented in economy.id by .id , the population experts.

Data are based on a 2016-17 price base for all years. NIEIR-ID data are inflation adjusted each year to allow direct comparison, and annual data releases adjust previous years’ figures to a new base year.Learn more

Balonne Shire - Gross Regional Product
Balonne Shire - Gross Regional Product 2001, Resident GRP: 431 million 2002, Resident GRP: 458 million 2003, Resident GRP: 375 million 2004, Resident GRP: 365 million 2005, Resident GRP: 318 million 2006, Resident GRP: 275 million 2007, Resident GRP: 234 million 2008, Resident GRP: 226 million 2009, Resident GRP: 231 million 2010, Resident GRP: 226 million 2011, Resident GRP: 238 million 2012, Resident GRP: 254 million 2013, Resident GRP: 249 million 2014, Resident GRP: 234 million 2015, Resident GRP: 236 million 2016, Resident GRP: 239 million 2017, Resident GRP: 248 million 2018, Resident GRP: 230 million 2019, Resident GRP: 225 million 2001, Industry GRP: 429 million 2002, Industry GRP: 457 million 2003, Industry GRP: 374 million 2004, Industry GRP: 365 million 2005, Industry GRP: 319 million 2006, Industry GRP: 276 million 2007, Industry GRP: 234 million 2008, Industry GRP: 226 million 2009, Industry GRP: 235 million 2010, Industry GRP: 233 million 2011, Industry GRP: 245 million 2012, Industry GRP: 265 million 2013, Industry GRP: 255 million 2014, Industry GRP: 238 million 2015, Industry GRP: 242 million 2016, Industry GRP: 245 million 2017, Industry GRP: 252 million 2018, Industry GRP: 231 million 2019, Industry GRP: 223 million 2001, Headline GRP: 639 million 2002, Headline GRP: 636 million 2003, Headline GRP: 547 million 2004, Headline GRP: 567 million 2005, Headline GRP: 480 million 2006, Headline GRP: 412 million 2007, Headline GRP: 358 million 2008, Headline GRP: 364 million 2009, Headline GRP: 405 million 2010, Headline GRP: 386 million 2011, Headline GRP: 377 million 2012, Headline GRP: 394 million 2013, Headline GRP: 392 million 2014, Headline GRP: 363 million 2015, Headline GRP: 351 million 2016, Headline GRP: 334 million 2017, Headline GRP: 364 million 2018, Headline GRP: 338 million 2019, Headline GRP: 336 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v19.12.12-1.0.0