City of LauncestonEconomic profile
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City of Launceston

Gross product

The City of Launceston's Gross Regional Product was $3,870m as of the 30th June 2016.

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 2016, City of Launceston: $3,870 million 2015, City of Launceston: $3,873 million 2014, City of Launceston: $3,881 million 2013, City of Launceston: $3,735 million 2012, City of Launceston: $3,825 million 2011, City of Launceston: $3,950 million 2010, City of Launceston: $3,917 million 2009, City of Launceston: $3,919 million 2008, City of Launceston: $3,863 million 2007, City of Launceston: $3,747 million 2006, City of Launceston: $3,640 million 2005, City of Launceston: $3,491 million 2004, City of Launceston: $3,392 million 2003, City of Launceston: $3,217 million 2002, City of Launceston: $3,186 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 2016, Greater Hobart: 144.1% 2015, Greater Hobart: 140.6% 2014, Greater Hobart: 138.2% 2013, Greater Hobart: 131.3% 2012, Greater Hobart: 132.5% 2011, Greater Hobart: 135.4% 2010, Greater Hobart: 134.1% 2009, Greater Hobart: 132.4% 2008, Greater Hobart: 130.8% 2007, Greater Hobart: 129.2% 2006, Greater Hobart: 127.2% 2005, Greater Hobart: 121.3% 2004, Greater Hobart: 116.5% 2003, Greater Hobart: 106.3% 2002, Greater Hobart: 104.6% 2001, Greater Hobart: 100.0% 2016, City of Launceston: 128.7% 2015, City of Launceston: 128.8% 2014, City of Launceston: 129.0% 2013, City of Launceston: 124.2% 2012, City of Launceston: 127.2% 2011, City of Launceston: 131.4% 2010, City of Launceston: 130.2% 2009, City of Launceston: 130.3% 2008, City of Launceston: 128.5% 2007, City of Launceston: 124.6% 2006, City of Launceston: 121.0% 2005, City of Launceston: 116.1% 2004, City of Launceston: 112.8% 2003, City of Launceston: 107.0% 2002, City of Launceston: 105.9% 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
20163,870-0.1•••128.712,310+2.5144.131.44
20153,873-0.2•••128.812,009+1.7140.632.25
20143,881+3.9129.011,810+5.3138.232.86
20133,735-2.3124.211,219-0.9131.333.29
20123,825-3.2127.211,324-2.1132.533.77
20113,950+0.9131.411,568+1.0135.434.15
20103,917-0.1•••130.211,455+1.3134.134.19
20093,919+1.4130.311,312+1.2132.434.64
20083,863+3.1128.511,179+1.2130.834.56
20073,747+2.9124.611,042+1.6129.233.94
20063,640+4.3121.010,871+4.9127.233.49
20053,491+2.9116.110,362+4.1121.333.69
20043,392+5.4112.89,954+9.6116.534.07
20033,217+1.0107.09,086+1.7106.335.41
20023,186+5.9105.98,937+4.6104.635.65
20013,007--100.08,544--100.035.20

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

Data is based on 2014-15 constant prices for all years. NIEIR data are inflation adjusted each year to allow direct comparison, and new data releases normally adjust previous years’ figures to a new base year.

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2016, Average annual growth rate: 1.8% 2015, Average annual growth rate: 1.8% 2014, Average annual growth rate: 1.8% 2013, Average annual growth rate: 1.8% 2012, Average annual growth rate: 1.8% 2011, Average annual growth rate: 1.8% 2010, Average annual growth rate: 1.8% 2009, Average annual growth rate: 1.8% 2008, Average annual growth rate: 1.8% 2007, Average annual growth rate: 1.8% 2006, Average annual growth rate: 1.8% 2005, Average annual growth rate: 1.8% 2004, Average annual growth rate: 1.8% 2003, Average annual growth rate: 1.8% 2016, Greater Hobart: 2.5% 2015, Greater Hobart: 1.7% 2014, Greater Hobart: 5.3% 2013, Greater Hobart: -0.9% 2012, Greater Hobart: -2.1% 2011, Greater Hobart: 1.0% 2010, Greater Hobart: 1.3% 2009, Greater Hobart: 1.2% 2008, Greater Hobart: 1.2% 2007, Greater Hobart: 1.6% 2006, Greater Hobart: 4.9% 2005, Greater Hobart: 4.1% 2004, Greater Hobart: 9.6% 2003, Greater Hobart: 1.7% 2016, City of Launceston: -0.1% 2015, City of Launceston: -0.2% 2014, City of Launceston: 3.9% 2013, City of Launceston: -2.3% 2012, City of Launceston: -3.2% 2011, City of Launceston: 0.9% 2010, City of Launceston: -0.1% 2009, City of Launceston: 1.4% 2008, City of Launceston: 3.1% 2007, City of Launceston: 2.9% 2006, City of Launceston: 4.3% 2005, City of Launceston: 2.9% 2004, City of Launceston: 5.4% 2003, City of Launceston: 1.0%
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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