Maranoa Regional CouncilEconomic profile
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Maranoa Regional Council

Gross Regional Product

Maranoa Regional Council’s Gross Regional Product was $1.82 billion in the year ending June 2019, declining -5.2% 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
20191,822-5.27696591.17
20181,922+19.87846551.20
20171,604+22.97836721.17
20161,306-3.58176911.18
20151,353+0.48707231.20
20141,347+7.98597271.18
20131,249+8.58027051.14
20121,152+14.57696891.12
20111,006-8.07236591.10
20101,093-7.07116501.09
20091,175+12.07356641.11
20081,049+17.36456041.07
2007895+5.55415351.01
2006848-7.65235231.00
2005917+1.55215201.00
2004904+2.65035051.00
2003882-3.94824850.99
2002917-2.65285301.00
2001942--5035041.00

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

Maranoa Regional Council - Gross Regional Product
Maranoa Regional Council - Gross Regional Product 2001, Resident GRP: 504 million 2002, Resident GRP: 530 million 2003, Resident GRP: 485 million 2004, Resident GRP: 505 million 2005, Resident GRP: 520 million 2006, Resident GRP: 523 million 2007, Resident GRP: 535 million 2008, Resident GRP: 604 million 2009, Resident GRP: 664 million 2010, Resident GRP: 650 million 2011, Resident GRP: 659 million 2012, Resident GRP: 689 million 2013, Resident GRP: 705 million 2014, Resident GRP: 727 million 2015, Resident GRP: 723 million 2016, Resident GRP: 691 million 2017, Resident GRP: 672 million 2018, Resident GRP: 655 million 2019, Resident GRP: 659 million 2001, Industry GRP: 503 million 2002, Industry GRP: 528 million 2003, Industry GRP: 482 million 2004, Industry GRP: 503 million 2005, Industry GRP: 521 million 2006, Industry GRP: 523 million 2007, Industry GRP: 541 million 2008, Industry GRP: 645 million 2009, Industry GRP: 735 million 2010, Industry GRP: 711 million 2011, Industry GRP: 723 million 2012, Industry GRP: 769 million 2013, Industry GRP: 802 million 2014, Industry GRP: 859 million 2015, Industry GRP: 870 million 2016, Industry GRP: 817 million 2017, Industry GRP: 783 million 2018, Industry GRP: 784 million 2019, Industry GRP: 769 million 2001, Headline GRP: 942 million 2002, Headline GRP: 917 million 2003, Headline GRP: 882 million 2004, Headline GRP: 904 million 2005, Headline GRP: 917 million 2006, Headline GRP: 848 million 2007, Headline GRP: 895 million 2008, Headline GRP: 1,049 million 2009, Headline GRP: 1,175 million 2010, Headline GRP: 1,093 million 2011, Headline GRP: 1,006 million 2012, Headline GRP: 1,152 million 2013, Headline GRP: 1,249 million 2014, Headline GRP: 1,347 million 2015, Headline GRP: 1,353 million 2016, Headline GRP: 1,306 million 2017, Headline GRP: 1,604 million 2018, Headline GRP: 1,922 million 2019, Headline GRP: 1,822 million
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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