Maranoa Regional CouncilEconomic profile
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Maranoa Regional Council

Gross Regional Product

Maranoa Regional Council’s Gross Regional Product was $1.55 billion in the year ending June 2017, growing 18.0% 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
20171,545+18.05624911.15
20161,310-9.96825851.16
20151,454+0.98306851.21
20141,441+8.08457201.17
20131,334+10.38127191.13
20121,209+11.67546921.09
20111,083-13.07106631.07
20101,245-13.67406831.08
20091,441+14.48337571.10
20081,259+38.97647111.07
2007906+7.65635581.01
2006843-3.75315311.00
2005875+6.25185171.00
2004824+0.24904911.00
2003822-7.14684681.00
2002885-0.15205191.00
2001886--5005011.00

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

Maranoa Regional Council - Gross Regional Product
Maranoa Regional Council - Gross Regional Product 2001, Resident GRP: 501 million 2002, Resident GRP: 519 million 2003, Resident GRP: 468 million 2004, Resident GRP: 491 million 2005, Resident GRP: 517 million 2006, Resident GRP: 531 million 2007, Resident GRP: 558 million 2008, Resident GRP: 711 million 2009, Resident GRP: 757 million 2010, Resident GRP: 683 million 2011, Resident GRP: 663 million 2012, Resident GRP: 692 million 2013, Resident GRP: 719 million 2014, Resident GRP: 720 million 2015, Resident GRP: 685 million 2016, Resident GRP: 585 million 2017, Resident GRP: 491 million 2001, Industry GRP: 500 million 2002, Industry GRP: 520 million 2003, Industry GRP: 468 million 2004, Industry GRP: 490 million 2005, Industry GRP: 518 million 2006, Industry GRP: 531 million 2007, Industry GRP: 563 million 2008, Industry GRP: 764 million 2009, Industry GRP: 833 million 2010, Industry GRP: 740 million 2011, Industry GRP: 710 million 2012, Industry GRP: 754 million 2013, Industry GRP: 812 million 2014, Industry GRP: 845 million 2015, Industry GRP: 830 million 2016, Industry GRP: 682 million 2017, Industry GRP: 562 million 2001, Headline GRP: 886 million 2002, Headline GRP: 885 million 2003, Headline GRP: 822 million 2004, Headline GRP: 824 million 2005, Headline GRP: 875 million 2006, Headline GRP: 843 million 2007, Headline GRP: 906 million 2008, Headline GRP: 1,259 million 2009, Headline GRP: 1,441 million 2010, Headline GRP: 1,245 million 2011, Headline GRP: 1,083 million 2012, Headline GRP: 1,209 million 2013, Headline GRP: 1,334 million 2014, Headline GRP: 1,441 million 2015, Headline GRP: 1,454 million 2016, Headline GRP: 1,310 million 2017, Headline GRP: 1,545 million
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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