Bundaberg Regional CouncilEconomic profile
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Bundaberg Regional Council

Gross Regional Product

Bundaberg Regional Council’s Gross Regional Product was $4.28 billion in the year ending June 2019, declining -0.4% 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
20194,284-0.43,2703,3880.97
20184,301+0.83,2403,3520.97
20174,267+2.43,2643,3870.96
20164,168+1.53,2423,3610.96
20154,107-0.73,1613,3090.96
20144,134-2.43,1323,3230.94
20134,237+1.13,2213,4350.94
20124,190+4.63,2253,4450.94
20114,00603,1763,3730.94
20104,008-0.73,0753,2360.95
20094,038+1.23,0133,1620.95
20083,991+2.72,9133,0470.96
20073,885+6.82,7692,8860.96
20063,638+7.52,5582,6560.96
20053,386+5.72,3412,4150.97
20043,204+4.02,1612,2120.98
20033,081+3.62,0222,0610.98
20022,975+8.32,0452,0730.99
20012,747--1,9011,9240.99

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

Bundaberg Regional Council - Gross Regional Product
Bundaberg Regional Council - Gross Regional Product 2001, Resident GRP: 1,924 million 2002, Resident GRP: 2,073 million 2003, Resident GRP: 2,061 million 2004, Resident GRP: 2,212 million 2005, Resident GRP: 2,415 million 2006, Resident GRP: 2,656 million 2007, Resident GRP: 2,886 million 2008, Resident GRP: 3,047 million 2009, Resident GRP: 3,162 million 2010, Resident GRP: 3,236 million 2011, Resident GRP: 3,373 million 2012, Resident GRP: 3,445 million 2013, Resident GRP: 3,435 million 2014, Resident GRP: 3,323 million 2015, Resident GRP: 3,309 million 2016, Resident GRP: 3,361 million 2017, Resident GRP: 3,387 million 2018, Resident GRP: 3,352 million 2019, Resident GRP: 3,388 million 2001, Industry GRP: 1,901 million 2002, Industry GRP: 2,045 million 2003, Industry GRP: 2,022 million 2004, Industry GRP: 2,161 million 2005, Industry GRP: 2,341 million 2006, Industry GRP: 2,558 million 2007, Industry GRP: 2,769 million 2008, Industry GRP: 2,913 million 2009, Industry GRP: 3,013 million 2010, Industry GRP: 3,075 million 2011, Industry GRP: 3,176 million 2012, Industry GRP: 3,225 million 2013, Industry GRP: 3,221 million 2014, Industry GRP: 3,132 million 2015, Industry GRP: 3,161 million 2016, Industry GRP: 3,242 million 2017, Industry GRP: 3,264 million 2018, Industry GRP: 3,240 million 2019, Industry GRP: 3,270 million 2001, Headline GRP: 2,747 million 2002, Headline GRP: 2,975 million 2003, Headline GRP: 3,081 million 2004, Headline GRP: 3,204 million 2005, Headline GRP: 3,386 million 2006, Headline GRP: 3,638 million 2007, Headline GRP: 3,885 million 2008, Headline GRP: 3,991 million 2009, Headline GRP: 4,038 million 2010, Headline GRP: 4,008 million 2011, Headline GRP: 4,006 million 2012, Headline GRP: 4,190 million 2013, Headline GRP: 4,237 million 2014, Headline GRP: 4,134 million 2015, Headline GRP: 4,107 million 2016, Headline GRP: 4,168 million 2017, Headline GRP: 4,267 million 2018, Headline GRP: 4,301 million 2019, Headline GRP: 4,284 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts

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