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King Island Council area

Gross product

King Island Council area's Gross Regional Product was $149m as of the 30th June 2018.

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 2002.

Gross Regional Product
Gross Regional Product 2018, King Island Council area: $149 million 2017, King Island Council area: $149 million 2016, King Island Council area: $130 million 2015, King Island Council area: $136 million 2014, King Island Council area: $134 million 2013, King Island Council area: $129 million 2012, King Island Council area: $136 million 2011, King Island Council area: $133 million 2010, King Island Council area: $129 million 2009, King Island Council area: $131 million 2008, King Island Council area: $132 million 2007, King Island Council area: $139 million 2006, King Island Council area: $131 million 2005, King Island Council area: $114 million 2004, King Island Council area: $108 million 2003, King Island Council area: $97 million 2002, King Island Council area: $97 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Greater Hobart: 156.9% 2017, Greater Hobart: 156.2% 2016, Greater Hobart: 152.4% 2015, Greater Hobart: 149.9% 2014, Greater Hobart: 146.4% 2013, Greater Hobart: 142.5% 2012, Greater Hobart: 140.8% 2011, Greater Hobart: 140.7% 2010, Greater Hobart: 138.3% 2009, Greater Hobart: 136.8% 2008, Greater Hobart: 135.6% 2007, Greater Hobart: 130.7% 2006, Greater Hobart: 126.4% 2005, Greater Hobart: 119.1% 2004, Greater Hobart: 115.5% 2003, Greater Hobart: 107.4% 2002, Greater Hobart: 105.4% 2001, Greater Hobart: 100.0% 2018, King Island Council area: 167.8% 2017, King Island Council area: 167.4% 2016, King Island Council area: 146.8% 2015, King Island Council area: 152.6% 2014, King Island Council area: 150.3% 2013, King Island Council area: 145.7% 2012, King Island Council area: 153.0% 2011, King Island Council area: 149.5% 2010, King Island Council area: 144.9% 2009, King Island Council area: 147.4% 2008, King Island Council area: 148.7% 2007, King Island Council area: 156.6% 2006, King Island Council area: 147.1% 2005, King Island Council area: 127.9% 2004, King Island Council area: 121.9% 2003, King Island Council area: 109.3% 2002, King Island Council area: 109.2% 2001, King Island Council area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
King Island Council areaGreater Hobart
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeKing Island Council area as a % of Greater Hobart
2018149+0.3167.813,493+0.4156.91.11
2017149+14.0167.413,433+2.5156.21.11
2016130-3.8146.813,107+1.7152.41.00
2015136+1.5152.612,888+2.4149.91.05
2014134+3.2150.312,591+2.7146.41.06
2013129-4.8145.712,256+1.2142.51.06
2012136+2.4153.012,108+0.1140.81.12
2011133+3.2149.512,096+1.7140.71.10
2010129-1.7144.911,890+1.1138.31.08
2009131-0.9147.411,766+0.9136.81.11
2008132-5.0148.711,662+3.8135.61.13
2007139+6.4156.611,237+3.4130.71.24
2006131+15.0147.110,867+6.1126.41.20
2005114+4.9127.910,240+3.1119.11.11
2004108+11.6121.99,931+7.6115.51.09
200397+0.1•••109.39,233+1.9107.41.05
200297+9.2109.29,060+5.4105.41.07
200189--100.08,598--100.01.03

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2018, Average annual growth rate: 2.6% 2017, Average annual growth rate: 2.6% 2016, Average annual growth rate: 2.6% 2015, Average annual growth rate: 2.6% 2014, Average annual growth rate: 2.6% 2013, Average annual growth rate: 2.6% 2012, Average annual growth rate: 2.6% 2011, Average annual growth rate: 2.6% 2010, Average annual growth rate: 2.6% 2009, Average annual growth rate: 2.6% 2008, Average annual growth rate: 2.6% 2007, Average annual growth rate: 2.6% 2006, Average annual growth rate: 2.6% 2005, Average annual growth rate: 2.6% 2004, Average annual growth rate: 2.6% 2003, Average annual growth rate: 2.6% 2018, Greater Hobart: 0.4% 2017, Greater Hobart: 2.5% 2016, Greater Hobart: 1.7% 2015, Greater Hobart: 2.4% 2014, Greater Hobart: 2.7% 2013, Greater Hobart: 1.2% 2012, Greater Hobart: 0.1% 2011, Greater Hobart: 1.7% 2010, Greater Hobart: 1.1% 2009, Greater Hobart: 0.9% 2008, Greater Hobart: 3.8% 2007, Greater Hobart: 3.4% 2006, Greater Hobart: 6.1% 2005, Greater Hobart: 3.1% 2004, Greater Hobart: 7.6% 2003, Greater Hobart: 1.9% 2018, King Island Council area: 0.3% 2017, King Island Council area: 14.0% 2016, King Island Council area: -3.8% 2015, King Island Council area: 1.5% 2014, King Island Council area: 3.2% 2013, King Island Council area: -4.8% 2012, King Island Council area: 2.4% 2011, King Island Council area: 3.2% 2010, King Island Council area: -1.7% 2009, King Island Council area: -0.9% 2008, King Island Council area: -5.0% 2007, King Island Council area: 6.4% 2006, King Island Council area: 15.0% 2005, King Island Council area: 4.9% 2004, King Island Council area: 11.6% 2003, King Island Council area: 0.1%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
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