Maranoa Regional CouncilEconomic profile
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Maranoa Regional Council

Gross Regional Product

Maranoa Regional Council’s Gross Regional Product was $1.54 billion in the year ending June 2018, growing 16.6% 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

Maranoa Regional Council - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20181,538+16.65494841.14
20171,320+12.25504841.14
20161,176-9.36755631.20
20151,297-1.68026611.21
20141,319+7.48557221.18
20131,227+10.28017051.14
20121,114+11.97827001.12
2011996-8.07326691.09
20101,083-8.66956511.07
20091,185+15.57296851.06
20081,026+20.66726531.03
2007851+4.55615591.00
2006814-3.75365351.00
2005845+1.25265261.00
2004836+1.45085120.99
2003824-4.24814860.99
2002861-2.15245270.99
2001879--5115140.99

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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

Maranoa Regional Council - Gross Regional Product
Maranoa Regional Council - Gross Regional Product 2001, Resident GRP: 514 million 2002, Resident GRP: 527 million 2003, Resident GRP: 486 million 2004, Resident GRP: 512 million 2005, Resident GRP: 526 million 2006, Resident GRP: 535 million 2007, Resident GRP: 559 million 2008, Resident GRP: 653 million 2009, Resident GRP: 685 million 2010, Resident GRP: 651 million 2011, Resident GRP: 669 million 2012, Resident GRP: 700 million 2013, Resident GRP: 705 million 2014, Resident GRP: 722 million 2015, Resident GRP: 661 million 2016, Resident GRP: 563 million 2017, Resident GRP: 484 million 2018, Resident GRP: 484 million 2001, Industry GRP: 511 million 2002, Industry GRP: 524 million 2003, Industry GRP: 481 million 2004, Industry GRP: 508 million 2005, Industry GRP: 526 million 2006, Industry GRP: 536 million 2007, Industry GRP: 561 million 2008, Industry GRP: 672 million 2009, Industry GRP: 729 million 2010, Industry GRP: 695 million 2011, Industry GRP: 732 million 2012, Industry GRP: 782 million 2013, Industry GRP: 801 million 2014, Industry GRP: 855 million 2015, Industry GRP: 802 million 2016, Industry GRP: 675 million 2017, Industry GRP: 550 million 2018, Industry GRP: 549 million 2001, Headline GRP: 879 million 2002, Headline GRP: 861 million 2003, Headline GRP: 824 million 2004, Headline GRP: 836 million 2005, Headline GRP: 845 million 2006, Headline GRP: 814 million 2007, Headline GRP: 851 million 2008, Headline GRP: 1,026 million 2009, Headline GRP: 1,185 million 2010, Headline GRP: 1,083 million 2011, Headline GRP: 996 million 2012, Headline GRP: 1,114 million 2013, Headline GRP: 1,227 million 2014, Headline GRP: 1,319 million 2015, Headline GRP: 1,297 million 2016, Headline GRP: 1,176 million 2017, Headline GRP: 1,320 million 2018, Headline GRP: 1,538 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts

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