City of LauncestonEconomic profile
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City of Launceston

Gross product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

The City of Launceston's Gross Regional Product was $4,470m as of the 30th June 2017.

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 2017, City of Launceston: $4,470 million 2016, City of Launceston: $4,391 million 2015, City of Launceston: $4,348 million 2014, City of Launceston: $4,308 million 2013, City of Launceston: $4,254 million 2012, City of Launceston: $4,263 million 2011, City of Launceston: $4,273 million 2010, City of Launceston: $4,184 million 2009, City of Launceston: $4,164 million 2008, City of Launceston: $4,121 million 2007, City of Launceston: $4,004 million 2006, City of Launceston: $3,859 million 2005, City of Launceston: $3,669 million 2004, City of Launceston: $3,623 million 2003, City of Launceston: $3,419 million 2002, City of Launceston: $3,376 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2017, Greater Hobart: 155.3% 2016, Greater Hobart: 150.9% 2015, Greater Hobart: 148.6% 2014, Greater Hobart: 144.2% 2013, Greater Hobart: 140.2% 2012, Greater Hobart: 139.2% 2011, Greater Hobart: 139.2% 2010, Greater Hobart: 136.4% 2009, Greater Hobart: 134.5% 2008, Greater Hobart: 133.2% 2007, Greater Hobart: 129.8% 2006, Greater Hobart: 124.3% 2005, Greater Hobart: 117.1% 2004, Greater Hobart: 114.3% 2003, Greater Hobart: 107.2% 2002, Greater Hobart: 105.5% 2001, Greater Hobart: 100.0% 2017, City of Launceston: 141.7% 2016, City of Launceston: 139.2% 2015, City of Launceston: 137.8% 2014, City of Launceston: 136.6% 2013, City of Launceston: 134.9% 2012, City of Launceston: 135.2% 2011, City of Launceston: 135.5% 2010, City of Launceston: 132.7% 2009, City of Launceston: 132.0% 2008, City of Launceston: 130.7% 2007, City of Launceston: 127.0% 2006, City of Launceston: 122.3% 2005, City of Launceston: 116.3% 2004, City of Launceston: 114.9% 2003, City of Launceston: 108.4% 2002, City of Launceston: 107.0% 2001, City of Launceston: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
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
20174,470+1.8141.713,447+2.9155.333.24
20164,391+1.0139.213,066+1.6150.933.61
20154,348+0.9137.812,866+3.0148.633.79
20144,308+1.3136.612,490+2.9144.234.49
20134,254-0.2•••134.912,139+0.7140.235.05
20124,263-0.2•••135.212,0570139.235.36
20114,273+2.1135.512,052+2.1139.235.45
20104,184+0.5132.711,809+1.4136.435.43
20094,164+1.0132.011,647+1.0134.535.75
20084,121+2.9130.711,535+2.6133.235.73
20074,004+3.8127.011,243+4.4129.835.62
20063,859+5.2122.310,766+6.1124.335.84
20053,669+1.3116.310,144+2.5117.136.17
20043,623+6.0114.99,898+6.6114.336.60
20033,419+1.3108.49,281+1.6107.236.83
20023,376+7.0107.09,133+5.5105.536.96
20013,154--100.08,660--100.036.42

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts

Data are based on a 2015-16 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 2017, Average annual growth rate: 2.3% 2016, Average annual growth rate: 2.3% 2015, Average annual growth rate: 2.3% 2014, Average annual growth rate: 2.3% 2013, Average annual growth rate: 2.3% 2012, Average annual growth rate: 2.3% 2011, Average annual growth rate: 2.3% 2010, Average annual growth rate: 2.3% 2009, Average annual growth rate: 2.3% 2008, Average annual growth rate: 2.3% 2007, Average annual growth rate: 2.3% 2006, Average annual growth rate: 2.3% 2005, Average annual growth rate: 2.3% 2004, Average annual growth rate: 2.3% 2003, Average annual growth rate: 2.3% 2017, Greater Hobart: 2.9% 2016, Greater Hobart: 1.6% 2015, Greater Hobart: 3.0% 2014, Greater Hobart: 2.9% 2013, Greater Hobart: 0.7% 2012, Greater Hobart: 0.0% 2011, Greater Hobart: 2.1% 2010, Greater Hobart: 1.4% 2009, Greater Hobart: 1.0% 2008, Greater Hobart: 2.6% 2007, Greater Hobart: 4.4% 2006, Greater Hobart: 6.1% 2005, Greater Hobart: 2.5% 2004, Greater Hobart: 6.6% 2003, Greater Hobart: 1.6% 2017, City of Launceston: 1.8% 2016, City of Launceston: 1.0% 2015, City of Launceston: 0.9% 2014, City of Launceston: 1.3% 2013, City of Launceston: -0.2% 2012, City of Launceston: -0.2% 2011, City of Launceston: 2.1% 2010, City of Launceston: 0.5% 2009, City of Launceston: 1.0% 2008, City of Launceston: 2.9% 2007, City of Launceston: 3.8% 2006, City of Launceston: 5.2% 2005, City of Launceston: 1.3% 2004, City of Launceston: 6.0% 2003, City of Launceston: 1.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
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