Bundaberg Regional CouncilEconomic profile
Skip to content

Bundaberg Regional Council

Gross Regional Product

Bundaberg Regional Council’s Gross Regional Product was $4.10 billion in the year ending June 2018, growing 3.1% 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

Bundaberg 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
20184,104+3.12,5772,6150.99
20173,979+2.72,5332,6080.97
20163,874-0.52,6932,8030.96
20153,894-2.52,8042,9610.95
20143,993-2.12,9593,1590.94
20134,080+1.43,0823,3250.93
20124,024+4.13,1493,3810.93
20113,864+0.63,1143,3060.94
20103,843-0.72,9563,1070.95
20093,871+1.12,9923,1330.96
20083,830+4.02,9603,0770.96
20073,684+3.82,7722,8780.96
20063,550+7.22,6512,7410.97
20053,311+10.62,4522,5190.97
20042,994+4.12,1472,2030.97
20032,876+0.51,9752,0190.98
20022,860+7.02,0462,0790.98
20012,673--1,9361,9580.99

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Bundaberg Regional Council - Gross Regional Product
Bundaberg Regional Council - Gross Regional Product 2001, Resident GRP: 1,958 million 2002, Resident GRP: 2,079 million 2003, Resident GRP: 2,019 million 2004, Resident GRP: 2,203 million 2005, Resident GRP: 2,519 million 2006, Resident GRP: 2,741 million 2007, Resident GRP: 2,878 million 2008, Resident GRP: 3,077 million 2009, Resident GRP: 3,133 million 2010, Resident GRP: 3,107 million 2011, Resident GRP: 3,306 million 2012, Resident GRP: 3,381 million 2013, Resident GRP: 3,325 million 2014, Resident GRP: 3,159 million 2015, Resident GRP: 2,961 million 2016, Resident GRP: 2,803 million 2017, Resident GRP: 2,608 million 2018, Resident GRP: 2,615 million 2001, Industry GRP: 1,936 million 2002, Industry GRP: 2,046 million 2003, Industry GRP: 1,975 million 2004, Industry GRP: 2,147 million 2005, Industry GRP: 2,452 million 2006, Industry GRP: 2,651 million 2007, Industry GRP: 2,772 million 2008, Industry GRP: 2,960 million 2009, Industry GRP: 2,992 million 2010, Industry GRP: 2,956 million 2011, Industry GRP: 3,114 million 2012, Industry GRP: 3,149 million 2013, Industry GRP: 3,082 million 2014, Industry GRP: 2,959 million 2015, Industry GRP: 2,804 million 2016, Industry GRP: 2,693 million 2017, Industry GRP: 2,533 million 2018, Industry GRP: 2,577 million 2001, Headline GRP: 2,673 million 2002, Headline GRP: 2,860 million 2003, Headline GRP: 2,876 million 2004, Headline GRP: 2,994 million 2005, Headline GRP: 3,311 million 2006, Headline GRP: 3,550 million 2007, Headline GRP: 3,684 million 2008, Headline GRP: 3,830 million 2009, Headline GRP: 3,871 million 2010, Headline GRP: 3,843 million 2011, Headline GRP: 3,864 million 2012, Headline GRP: 4,024 million 2013, Headline GRP: 4,080 million 2014, Headline GRP: 3,993 million 2015, Headline GRP: 3,894 million 2016, Headline GRP: 3,874 million 2017, Headline GRP: 3,979 million 2018, Headline GRP: 4,104 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

To continue building your economic story go to...

v19.08.22-1.0.0