Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Gross product

The Northern Tasmania Region's Gross Regional Product was $7,861m as of the 30th June 2018.

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 2018, Northern Tasmania Region: $7,861 million 2017, Northern Tasmania Region: $7,830 million 2016, Northern Tasmania Region: $7,510 million 2015, Northern Tasmania Region: $7,548 million 2014, Northern Tasmania Region: $7,468 million 2013, Northern Tasmania Region: $7,408 million 2012, Northern Tasmania Region: $7,390 million 2011, Northern Tasmania Region: $7,418 million 2010, Northern Tasmania Region: $7,276 million 2009, Northern Tasmania Region: $7,236 million 2008, Northern Tasmania Region: $7,065 million 2007, Northern Tasmania Region: $6,818 million 2006, Northern Tasmania Region: $6,770 million 2005, Northern Tasmania Region: $6,728 million 2004, Northern Tasmania Region: $6,819 million 2003, Northern Tasmania Region: $6,459 million 2002, Northern Tasmania Region: $6,649 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Tasmania: 141.6% 2017, Tasmania: 141.5% 2016, Tasmania: 137.8% 2015, Tasmania: 137.6% 2014, Tasmania: 134.8% 2013, Tasmania: 132.6% 2012, Tasmania: 132.5% 2011, Tasmania: 132.2% 2010, Tasmania: 130.5% 2009, Tasmania: 129.6% 2008, Tasmania: 127.6% 2007, Tasmania: 124.1% 2006, Tasmania: 120.4% 2005, Tasmania: 115.4% 2004, Tasmania: 112.8% 2003, Tasmania: 105.5% 2002, Tasmania: 105.7% 2001, Tasmania: 100.0% 2018, Northern Tasmania Region: 125.0% 2017, Northern Tasmania Region: 124.5% 2016, Northern Tasmania Region: 119.4% 2015, Northern Tasmania Region: 120.0% 2014, Northern Tasmania Region: 118.8% 2013, Northern Tasmania Region: 117.8% 2012, Northern Tasmania Region: 117.5% 2011, Northern Tasmania Region: 118.0% 2010, Northern Tasmania Region: 115.7% 2009, Northern Tasmania Region: 115.1% 2008, Northern Tasmania Region: 112.4% 2007, Northern Tasmania Region: 108.4% 2006, Northern Tasmania Region: 107.7% 2005, Northern Tasmania Region: 107.0% 2004, Northern Tasmania Region: 108.5% 2003, Northern Tasmania Region: 102.7% 2002, Northern Tasmania Region: 105.7% 2001, Northern Tasmania Region: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
Northern Tasmania RegionTasmania
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeNorthern Tasmania Region as a % of Tasmania
20187,861+0.4125.029,0200141.627.09
20177,830+4.3124.529,009+2.7141.526.99
20167,510-0.5119.428,252+0.1137.826.58
20157,548+1.1120.028,215+2.1137.626.75
20147,468+0.8118.827,645+1.7134.827.01
20137,408+0.2•••117.827,184+0.1132.627.25
20127,390-0.4117.527,165+0.2132.527.20
20117,418+2.0118.027,102+1.3132.227.37
20107,276+0.6115.726,746+0.7130.527.21
20097,236+2.4115.126,561+1.6129.627.24
20087,065+3.6112.426,154+2.8127.627.01
20076,818+0.7108.425,445+3.1124.126.79
20066,770+0.6107.724,688+4.4120.427.42
20056,728-1.3107.023,649+2.3115.428.45
20046,819+5.6108.523,119+6.8112.829.50
20036,459-2.9102.721,638-0.2105.529.85
20026,649+5.7105.721,676+5.7105.730.67
20016,287--100.020,500--100.030.67

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2018, Average annual growth rate: 1.6% 2017, Average annual growth rate: 1.6% 2016, Average annual growth rate: 1.6% 2015, Average annual growth rate: 1.6% 2014, Average annual growth rate: 1.6% 2013, Average annual growth rate: 1.6% 2012, Average annual growth rate: 1.6% 2011, Average annual growth rate: 1.6% 2010, Average annual growth rate: 1.6% 2009, Average annual growth rate: 1.6% 2008, Average annual growth rate: 1.6% 2007, Average annual growth rate: 1.6% 2006, Average annual growth rate: 1.6% 2005, Average annual growth rate: 1.6% 2004, Average annual growth rate: 1.6% 2003, Average annual growth rate: 1.6% 2018, Tasmania: 0.0% 2017, Tasmania: 2.7% 2016, Tasmania: 0.1% 2015, Tasmania: 2.1% 2014, Tasmania: 1.7% 2013, Tasmania: 0.1% 2012, Tasmania: 0.2% 2011, Tasmania: 1.3% 2010, Tasmania: 0.7% 2009, Tasmania: 1.6% 2008, Tasmania: 2.8% 2007, Tasmania: 3.1% 2006, Tasmania: 4.4% 2005, Tasmania: 2.3% 2004, Tasmania: 6.8% 2003, Tasmania: -0.2% 2018, Northern Tasmania Region: 0.4% 2017, Northern Tasmania Region: 4.3% 2016, Northern Tasmania Region: -0.5% 2015, Northern Tasmania Region: 1.1% 2014, Northern Tasmania Region: 0.8% 2013, Northern Tasmania Region: 0.2% 2012, Northern Tasmania Region: -0.4% 2011, Northern Tasmania Region: 2.0% 2010, Northern Tasmania Region: 0.6% 2009, Northern Tasmania Region: 2.4% 2008, Northern Tasmania Region: 3.6% 2007, Northern Tasmania Region: 0.7% 2006, Northern Tasmania Region: 0.6% 2005, Northern Tasmania Region: -1.3% 2004, Northern Tasmania Region: 5.6% 2003, Northern Tasmania Region: -2.9%
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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