City of Launceston

Gross product

The City of Launceston's Gross Regional Product was $5,491m in 2021/22.
The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2001.
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Gross Regional Product (GRP)
City of LauncestonTasmania
Year (ending June 30)$GRP $m% change from previous yearCumulative change$GRP $m% change from previous yearCumulative changeCity of Launceston as a % of Tasmania
20225,491+3.16172+36,907.88+4.86+174.24+14.88
20215,323+3.44167+35,196.00+4.97+166.16+15.12
20205,146+2.30161+33,528.60+0.29+158.29+15.35
20195,030+3.91158+33,432.37+3.70+157.83+15.05
20184,841+2.13152+32,238.56+3.42+152.20+15.02
20174,740+1.93148+31,173.91+1.46+147.17+15.20
20164,650+2.82146+30,724.49+1.80+145.05+15.14
20154,522-0.07142+30,180.48+1.09+142.48+14.98
20144,526-0.94142+29,856.04+1.42+140.95+15.16
20134,568-1.17143+29,439.44-0.61+138.98+15.52
20124,623-0.13145+29,619.85+1.92+139.84+15.61
20114,629+3.07145+29,062.73+2.33+137.21+15.93
20104,491+0.87141+28,400.79+0.79+134.08+15.81
20094,452+3.52139+28,179.03+2.80+133.03+15.80
20084,301+4.69135+27,412.39+4.19+129.41+15.69
20074,108+3.25129+26,309.73+2.61+124.21+15.61
20063,979+4.34125+25,640.39+3.90+121.05+15.52
20053,813+1.66119+24,678.80+2.59+116.51+15.45
20043,751+4.05117+24,055.24+5.01+113.56+15.59
20033,605+4.23113+22,906.82+2.78+108.14+15.74
20023,459+8.34108+22,287.76+5.22+105.22+15.52
20013,193--100+21,181.94--+100.00+15.07

City of Launceston

economic profile