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Gladstone Regional Council area

Gross Regional Product

Gladstone Regional Council area’s Gross Regional Product was $5.26 billion in the year ending June 2019, growing 1.6% 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
20195,262+1.63,3763,3741.00
20185,178+1.93,3623,3411.01
20175,081-1.93,4643,4411.01
20165,177-12.13,8313,8431.00
20155,892-4.74,1754,1511.01
20146,185+10.44,2444,1851.01
20135,601+10.94,0193,9711.01
20125,051+17.83,6693,6451.01
20114,289+5.83,2743,2811.00
20104,054+0.83,0323,0740.99
20094,023+3.62,9422,9970.98
20083,882+7.02,8392,9030.98
20073,628+10.12,6072,6860.97
20063,296+8.52,3932,4570.97
20053,037+7.12,1522,1960.98
20042,835+2.81,8651,8990.98
20032,759+4.31,6871,7060.99
20022,644+5.71,6571,6660.99
20012,501--1,5111,5121.00

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

Gladstone Regional Council area - Gross Regional Product
Gladstone Regional Council area - Gross Regional Product 2001, Resident GRP: 1,512 million 2002, Resident GRP: 1,666 million 2003, Resident GRP: 1,706 million 2004, Resident GRP: 1,899 million 2005, Resident GRP: 2,196 million 2006, Resident GRP: 2,457 million 2007, Resident GRP: 2,686 million 2008, Resident GRP: 2,903 million 2009, Resident GRP: 2,997 million 2010, Resident GRP: 3,074 million 2011, Resident GRP: 3,281 million 2012, Resident GRP: 3,645 million 2013, Resident GRP: 3,971 million 2014, Resident GRP: 4,185 million 2015, Resident GRP: 4,151 million 2016, Resident GRP: 3,843 million 2017, Resident GRP: 3,441 million 2018, Resident GRP: 3,341 million 2019, Resident GRP: 3,374 million 2001, Industry GRP: 1,511 million 2002, Industry GRP: 1,657 million 2003, Industry GRP: 1,687 million 2004, Industry GRP: 1,865 million 2005, Industry GRP: 2,152 million 2006, Industry GRP: 2,393 million 2007, Industry GRP: 2,607 million 2008, Industry GRP: 2,839 million 2009, Industry GRP: 2,942 million 2010, Industry GRP: 3,032 million 2011, Industry GRP: 3,274 million 2012, Industry GRP: 3,669 million 2013, Industry GRP: 4,019 million 2014, Industry GRP: 4,244 million 2015, Industry GRP: 4,175 million 2016, Industry GRP: 3,831 million 2017, Industry GRP: 3,464 million 2018, Industry GRP: 3,362 million 2019, Industry GRP: 3,376 million 2001, Headline GRP: 2,501 million 2002, Headline GRP: 2,644 million 2003, Headline GRP: 2,759 million 2004, Headline GRP: 2,835 million 2005, Headline GRP: 3,037 million 2006, Headline GRP: 3,296 million 2007, Headline GRP: 3,628 million 2008, Headline GRP: 3,882 million 2009, Headline GRP: 4,023 million 2010, Headline GRP: 4,054 million 2011, Headline GRP: 4,289 million 2012, Headline GRP: 5,051 million 2013, Headline GRP: 5,601 million 2014, Headline GRP: 6,185 million 2015, Headline GRP: 5,892 million 2016, Headline GRP: 5,177 million 2017, Headline GRP: 5,081 million 2018, Headline GRP: 5,178 million 2019, Headline GRP: 5,262 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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