City of LauncestonEconomic profile
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City of Launceston

Gross product

The City of Launceston's Gross Regional Product was $4,598m as of the 30th June 2019.

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 2019, City of Launceston: $4,598 million 2018, City of Launceston: $4,456 million 2017, City of Launceston: $4,422 million 2016, City of Launceston: $4,422 million 2015, City of Launceston: $4,365 million 2014, City of Launceston: $4,354 million 2013, City of Launceston: $4,359 million 2012, City of Launceston: $4,391 million 2011, City of Launceston: $4,390 million 2010, City of Launceston: $4,282 million 2009, City of Launceston: $4,263 million 2008, City of Launceston: $4,138 million 2007, City of Launceston: $3,964 million 2006, City of Launceston: $3,827 million 2005, City of Launceston: $3,711 million 2004, City of Launceston: $3,643 million 2003, City of Launceston: $3,468 million 2002, City of Launceston: $3,331 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2019, Greater Hobart: 170.9% 2018, Greater Hobart: 161.8% 2017, Greater Hobart: 155.8% 2016, Greater Hobart: 156.1% 2015, Greater Hobart: 153.3% 2014, Greater Hobart: 149.3% 2013, Greater Hobart: 146.5% 2012, Greater Hobart: 145.7% 2011, Greater Hobart: 143.3% 2010, Greater Hobart: 141.3% 2009, Greater Hobart: 140.5% 2008, Greater Hobart: 138.8% 2007, Greater Hobart: 132.0% 2006, Greater Hobart: 125.9% 2005, Greater Hobart: 120.6% 2004, Greater Hobart: 115.1% 2003, Greater Hobart: 109.0% 2002, Greater Hobart: 105.4% 2001, Greater Hobart: 100.0% 2019, City of Launceston: 147.9% 2018, City of Launceston: 143.4% 2017, City of Launceston: 142.3% 2016, City of Launceston: 142.3% 2015, City of Launceston: 140.4% 2014, City of Launceston: 140.1% 2013, City of Launceston: 140.2% 2012, City of Launceston: 141.3% 2011, City of Launceston: 141.2% 2010, City of Launceston: 137.8% 2009, City of Launceston: 137.1% 2008, City of Launceston: 133.1% 2007, City of Launceston: 127.5% 2006, City of Launceston: 123.1% 2005, City of Launceston: 119.4% 2004, City of Launceston: 117.2% 2003, City of Launceston: 111.6% 2002, City of Launceston: 107.2% 2001, City of Launceston: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
City of LauncestonGreater Hobart
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeCity of Launceston as a % of Greater Hobart
20194,598+3.2147.914,713+5.6170.931.25
20184,456+0.8143.413,930+3.9161.831.99
20174,4220•••142.313,408-0.2155.832.98
20164,422+1.3142.313,441+1.8156.132.90
20154,365+0.3140.413,199+2.7153.333.07
20144,354-0.1•••140.112,850+1.9149.333.88
20134,359-0.7140.212,612+0.6146.534.56
20124,3910•••141.312,541+1.7145.735.01
20114,390+2.5141.212,335+1.4143.335.59
20104,282+0.4137.812,164+0.6141.335.20
20094,263+3.0137.112,092+1.2140.535.25
20084,138+4.4133.111,947+5.1138.834.63
20073,964+3.6127.511,364+4.9132.034.88
20063,827+3.1123.110,836+4.4125.935.32
20053,711+1.9119.410,380+4.8120.635.75
20043,643+5.1117.29,907+5.6115.136.78
20033,468+4.1111.69,386+3.5109.036.95
20023,331+7.2107.29,071+5.4105.436.72
20013,108--100.08,608--100.036.11

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2019, Average annual growth rate: 2.2% 2018, Average annual growth rate: 2.2% 2017, Average annual growth rate: 2.2% 2016, Average annual growth rate: 2.2% 2015, Average annual growth rate: 2.2% 2014, Average annual growth rate: 2.2% 2013, Average annual growth rate: 2.2% 2012, Average annual growth rate: 2.2% 2011, Average annual growth rate: 2.2% 2010, Average annual growth rate: 2.2% 2009, Average annual growth rate: 2.2% 2008, Average annual growth rate: 2.2% 2007, Average annual growth rate: 2.2% 2006, Average annual growth rate: 2.2% 2005, Average annual growth rate: 2.2% 2004, Average annual growth rate: 2.2% 2003, Average annual growth rate: 2.2% 2019, Greater Hobart: 5.6% 2018, Greater Hobart: 3.9% 2017, Greater Hobart: -0.2% 2016, Greater Hobart: 1.8% 2015, Greater Hobart: 2.7% 2014, Greater Hobart: 1.9% 2013, Greater Hobart: 0.6% 2012, Greater Hobart: 1.7% 2011, Greater Hobart: 1.4% 2010, Greater Hobart: 0.6% 2009, Greater Hobart: 1.2% 2008, Greater Hobart: 5.1% 2007, Greater Hobart: 4.9% 2006, Greater Hobart: 4.4% 2005, Greater Hobart: 4.8% 2004, Greater Hobart: 5.6% 2003, Greater Hobart: 3.5% 2019, City of Launceston: 3.2% 2018, City of Launceston: 0.8% 2017, City of Launceston: 0.0% 2016, City of Launceston: 1.3% 2015, City of Launceston: 0.3% 2014, City of Launceston: -0.1% 2013, City of Launceston: -0.7% 2012, City of Launceston: 0.0% 2011, City of Launceston: 2.5% 2010, City of Launceston: 0.4% 2009, City of Launceston: 3.0% 2008, City of Launceston: 4.4% 2007, City of Launceston: 3.6% 2006, City of Launceston: 3.1% 2005, City of Launceston: 1.9% 2004, City of Launceston: 5.1% 2003, City of Launceston: 4.1%
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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