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Gladstone Regional Council area

Gross Regional Product

Gladstone Regional Council area’s Gross Regional Product was $4.77 billion in the year ending June 2018, growing 0.5% 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

Gladstone Regional Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20184,773+0.52,7202,6001.05
20174,751-0.52,8262,8051.01
20164,777-12.23,2673,3470.98
20155,439-6.13,9473,8091.04
20145,795+10.54,3143,8421.12
20135,243+10.74,0933,8681.06
20124,738+16.53,7693,6991.02
20114,068+6.13,2363,2381.00
20103,835-0.82,8992,9760.97
20093,864+0.82,9643,0290.98
20083,832+5.42,9222,9900.98
20073,637+11.02,6892,7730.97
20063,277+9.52,4342,5140.97
20052,992+9.02,1822,2320.98
20042,744+4.81,8951,9150.99
20032,617+5.21,6741,6830.99
20022,487+5.61,6181,6221.00
20012,355--1,4941,4941.00

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

Gladstone Regional Council area - Gross Regional Product
Gladstone Regional Council area - Gross Regional Product 2001, Resident GRP: 1,494 million 2002, Resident GRP: 1,622 million 2003, Resident GRP: 1,683 million 2004, Resident GRP: 1,915 million 2005, Resident GRP: 2,232 million 2006, Resident GRP: 2,514 million 2007, Resident GRP: 2,773 million 2008, Resident GRP: 2,990 million 2009, Resident GRP: 3,029 million 2010, Resident GRP: 2,976 million 2011, Resident GRP: 3,238 million 2012, Resident GRP: 3,699 million 2013, Resident GRP: 3,868 million 2014, Resident GRP: 3,842 million 2015, Resident GRP: 3,809 million 2016, Resident GRP: 3,347 million 2017, Resident GRP: 2,805 million 2018, Resident GRP: 2,600 million 2001, Industry GRP: 1,494 million 2002, Industry GRP: 1,618 million 2003, Industry GRP: 1,674 million 2004, Industry GRP: 1,895 million 2005, Industry GRP: 2,182 million 2006, Industry GRP: 2,434 million 2007, Industry GRP: 2,689 million 2008, Industry GRP: 2,922 million 2009, Industry GRP: 2,964 million 2010, Industry GRP: 2,899 million 2011, Industry GRP: 3,236 million 2012, Industry GRP: 3,769 million 2013, Industry GRP: 4,093 million 2014, Industry GRP: 4,314 million 2015, Industry GRP: 3,947 million 2016, Industry GRP: 3,267 million 2017, Industry GRP: 2,826 million 2018, Industry GRP: 2,720 million 2001, Headline GRP: 2,355 million 2002, Headline GRP: 2,487 million 2003, Headline GRP: 2,617 million 2004, Headline GRP: 2,744 million 2005, Headline GRP: 2,992 million 2006, Headline GRP: 3,277 million 2007, Headline GRP: 3,637 million 2008, Headline GRP: 3,832 million 2009, Headline GRP: 3,864 million 2010, Headline GRP: 3,835 million 2011, Headline GRP: 4,068 million 2012, Headline GRP: 4,738 million 2013, Headline GRP: 5,243 million 2014, Headline GRP: 5,795 million 2015, Headline GRP: 5,439 million 2016, Headline GRP: 4,777 million 2017, Headline GRP: 4,751 million 2018, Headline GRP: 4,773 million
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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