Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Gross product

The Northern Tasmania Region's Gross Regional Product was $8,915m as of the 30th June 2020.

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 2020, Northern Tasmania Region: $8,915 million 2019, Northern Tasmania Region: $8,918 million 2018, Northern Tasmania Region: $8,683 million 2017, Northern Tasmania Region: $8,432 million 2016, Northern Tasmania Region: $8,262 million 2015, Northern Tasmania Region: $8,164 million 2014, Northern Tasmania Region: $8,103 million 2013, Northern Tasmania Region: $7,998 million 2012, Northern Tasmania Region: $8,090 million 2011, Northern Tasmania Region: $8,096 million 2010, Northern Tasmania Region: $7,945 million 2009, Northern Tasmania Region: $7,889 million 2008, Northern Tasmania Region: $7,630 million 2007, Northern Tasmania Region: $7,273 million 2006, Northern Tasmania Region: $7,122 million 2005, Northern Tasmania Region: $7,179 million 2004, Northern Tasmania Region: $7,178 million 2003, Northern Tasmania Region: $6,911 million 2002, Northern Tasmania Region: $6,887 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2020, Tasmania: 154.6% 2019, Tasmania: 153.3% 2018, Tasmania: 147.1% 2017, Tasmania: 142.1% 2016, Tasmania: 141.4% 2015, Tasmania: 139.6% 2014, Tasmania: 137.3% 2013, Tasmania: 136.2% 2012, Tasmania: 137.0% 2011, Tasmania: 135.6% 2010, Tasmania: 133.6% 2009, Tasmania: 132.7% 2008, Tasmania: 129.8% 2007, Tasmania: 125.5% 2006, Tasmania: 120.6% 2005, Tasmania: 117.4% 2004, Tasmania: 113.4% 2003, Tasmania: 107.5% 2002, Tasmania: 104.9% 2001, Tasmania: 100.0% 2020, Northern Tasmania Region: 137.0% 2019, Northern Tasmania Region: 137.0% 2018, Northern Tasmania Region: 133.4% 2017, Northern Tasmania Region: 129.6% 2016, Northern Tasmania Region: 127.0% 2015, Northern Tasmania Region: 125.5% 2014, Northern Tasmania Region: 124.5% 2013, Northern Tasmania Region: 122.9% 2012, Northern Tasmania Region: 124.3% 2011, Northern Tasmania Region: 124.4% 2010, Northern Tasmania Region: 122.1% 2009, Northern Tasmania Region: 121.2% 2008, Northern Tasmania Region: 117.3% 2007, Northern Tasmania Region: 111.8% 2006, Northern Tasmania Region: 109.5% 2005, Northern Tasmania Region: 110.3% 2004, Northern Tasmania Region: 110.3% 2003, Northern Tasmania Region: 106.2% 2002, Northern Tasmania Region: 105.8% 2001, Northern Tasmania Region: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
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
20208,9150•••137.032,958+0.8154.627.05
20198,918+2.7137.032,684+4.2153.327.28
20188,683+3.0133.431,361+3.5147.127.69
20178,432+2.1129.630,302+0.5142.127.83
20168,262+1.2127.030,145+1.3141.427.41
20158,164+0.8125.529,763+1.6139.627.43
20148,103+1.3124.529,288+0.9137.327.67
20137,998-1.1122.929,035-0.6136.227.55
20128,090-0.1•••124.329,205+1.0137.027.70
20118,096+1.9124.428,922+1.5135.627.99
20107,945+0.7122.128,491+0.6133.627.89
20097,889+3.4121.228,307+2.3132.727.87
20087,630+4.9117.327,681+3.4129.827.56
20077,273+2.1111.826,761+4.1125.527.18
20067,122-0.8109.525,719+2.7120.627.69
20057,1790•••110.325,034+3.5117.428.68
20047,178+3.9110.324,186+5.5113.429.68
20036,911+0.3106.222,932+2.5107.530.14
20026,887+5.8105.822,378+4.9104.930.78
20016,507--100.021,325--100.030.51

Source: National Institute of Economic and Industry Research (NIEIR) ©2021. Compiled and presented in economy.id by .id (informed decisions)

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 2020, Average annual growth rate: 1.7% 2019, Average annual growth rate: 1.7% 2018, Average annual growth rate: 1.7% 2017, Average annual growth rate: 1.7% 2016, Average annual growth rate: 1.7% 2015, Average annual growth rate: 1.7% 2014, Average annual growth rate: 1.7% 2013, Average annual growth rate: 1.7% 2012, Average annual growth rate: 1.7% 2011, Average annual growth rate: 1.7% 2010, Average annual growth rate: 1.7% 2009, Average annual growth rate: 1.7% 2008, Average annual growth rate: 1.7% 2007, Average annual growth rate: 1.7% 2006, Average annual growth rate: 1.7% 2005, Average annual growth rate: 1.7% 2004, Average annual growth rate: 1.7% 2003, Average annual growth rate: 1.7% 2020, Tasmania: 0.8% 2019, Tasmania: 4.2% 2018, Tasmania: 3.5% 2017, Tasmania: 0.5% 2016, Tasmania: 1.3% 2015, Tasmania: 1.6% 2014, Tasmania: 0.9% 2013, Tasmania: -0.6% 2012, Tasmania: 1.0% 2011, Tasmania: 1.5% 2010, Tasmania: 0.6% 2009, Tasmania: 2.3% 2008, Tasmania: 3.4% 2007, Tasmania: 4.1% 2006, Tasmania: 2.7% 2005, Tasmania: 3.5% 2004, Tasmania: 5.5% 2003, Tasmania: 2.5% 2020, Northern Tasmania Region: 0.0% 2019, Northern Tasmania Region: 2.7% 2018, Northern Tasmania Region: 3.0% 2017, Northern Tasmania Region: 2.1% 2016, Northern Tasmania Region: 1.2% 2015, Northern Tasmania Region: 0.8% 2014, Northern Tasmania Region: 1.3% 2013, Northern Tasmania Region: -1.1% 2012, Northern Tasmania Region: -0.1% 2011, Northern Tasmania Region: 1.9% 2010, Northern Tasmania Region: 0.7% 2009, Northern Tasmania Region: 3.4% 2008, Northern Tasmania Region: 4.9% 2007, Northern Tasmania Region: 2.1% 2006, Northern Tasmania Region: -0.8% 2005, Northern Tasmania Region: 0.0% 2004, Northern Tasmania Region: 3.9% 2003, Northern Tasmania Region: 0.3%
Source: National Institute of Economic and Industry Research (NIEIR) ©2021
Compiled and presented in economy.id by .id the population experts
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