Northern Tasmania RegionEconomic profile
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Northern Tasmania Region

Gross product

The Northern Tasmania Region's Gross Regional Product was $8,222m as of the 30th June 2019.

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 2019, Northern Tasmania Region: $8,222 million 2018, Northern Tasmania Region: $7,991 million 2017, Northern Tasmania Region: $7,932 million 2016, Northern Tasmania Region: $7,687 million 2015, Northern Tasmania Region: $7,681 million 2014, Northern Tasmania Region: $7,636 million 2013, Northern Tasmania Region: $7,570 million 2012, Northern Tasmania Region: $7,633 million 2011, Northern Tasmania Region: $7,622 million 2010, Northern Tasmania Region: $7,473 million 2009, Northern Tasmania Region: $7,451 million 2008, Northern Tasmania Region: $7,226 million 2007, Northern Tasmania Region: $6,857 million 2006, Northern Tasmania Region: $6,706 million 2005, Northern Tasmania Region: $6,801 million 2004, Northern Tasmania Region: $6,813 million 2003, Northern Tasmania Region: $6,597 million 2002, Northern Tasmania Region: $6,550 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2019, Tasmania: 153.4% 2018, Tasmania: 147.2% 2017, Tasmania: 142.5% 2016, Tasmania: 141.6% 2015, Tasmania: 140.6% 2014, Tasmania: 138.0% 2013, Tasmania: 136.3% 2012, Tasmania: 136.5% 2011, Tasmania: 135.0% 2010, Tasmania: 132.9% 2009, Tasmania: 132.5% 2008, Tasmania: 129.8% 2007, Tasmania: 124.7% 2006, Tasmania: 119.6% 2005, Tasmania: 116.7% 2004, Tasmania: 112.9% 2003, Tasmania: 107.5% 2002, Tasmania: 105.2% 2001, Tasmania: 100.0% 2019, Northern Tasmania Region: 132.7% 2018, Northern Tasmania Region: 129.0% 2017, Northern Tasmania Region: 128.1% 2016, Northern Tasmania Region: 124.1% 2015, Northern Tasmania Region: 124.0% 2014, Northern Tasmania Region: 123.3% 2013, Northern Tasmania Region: 122.2% 2012, Northern Tasmania Region: 123.2% 2011, Northern Tasmania Region: 123.0% 2010, Northern Tasmania Region: 120.6% 2009, Northern Tasmania Region: 120.3% 2008, Northern Tasmania Region: 116.7% 2007, Northern Tasmania Region: 110.7% 2006, Northern Tasmania Region: 108.3% 2005, Northern Tasmania Region: 109.8% 2004, Northern Tasmania Region: 110.0% 2003, Northern Tasmania Region: 106.5% 2002, Northern Tasmania Region: 105.7% 2001, Northern Tasmania Region: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
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
20198,222+2.9132.731,547+4.2153.426.06
20187,991+0.7129.030,277+3.3147.226.39
20177,932+3.2128.129,306+0.6142.527.07
20167,687+0.1•••124.129,116+0.7141.626.40
20157,681+0.6124.028,905+1.9140.626.57
20147,636+0.9123.328,375+1.3138.026.91
20137,570-0.8122.228,024-0.2136.327.01
20127,633+0.2•••123.228,076+1.1136.527.19
20117,622+2.0123.027,771+1.6135.027.44
20107,473+0.3120.627,337+0.4132.927.34
20097,451+3.1120.327,239+2.1132.527.35
20087,226+5.4116.726,684+4.0129.827.08
20076,857+2.3110.725,648+4.3124.726.74
20066,706-1.4108.324,596+2.5119.627.26
20056,801-0.2•••109.824,004+3.4116.728.33
20046,813+3.3110.023,219+5.1112.929.34
20036,597+0.7106.522,097+2.2107.529.85
20026,550+5.7105.721,631+5.2105.230.28
20016,194--100.020,564--100.030.12

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 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% 2019, Tasmania: 4.2% 2018, Tasmania: 3.3% 2017, Tasmania: 0.6% 2016, Tasmania: 0.7% 2015, Tasmania: 1.9% 2014, Tasmania: 1.3% 2013, Tasmania: -0.2% 2012, Tasmania: 1.1% 2011, Tasmania: 1.6% 2010, Tasmania: 0.4% 2009, Tasmania: 2.1% 2008, Tasmania: 4.0% 2007, Tasmania: 4.3% 2006, Tasmania: 2.5% 2005, Tasmania: 3.4% 2004, Tasmania: 5.1% 2003, Tasmania: 2.2% 2019, Northern Tasmania Region: 2.9% 2018, Northern Tasmania Region: 0.7% 2017, Northern Tasmania Region: 3.2% 2016, Northern Tasmania Region: 0.1% 2015, Northern Tasmania Region: 0.6% 2014, Northern Tasmania Region: 0.9% 2013, Northern Tasmania Region: -0.8% 2012, Northern Tasmania Region: 0.2% 2011, Northern Tasmania Region: 2.0% 2010, Northern Tasmania Region: 0.3% 2009, Northern Tasmania Region: 3.1% 2008, Northern Tasmania Region: 5.4% 2007, Northern Tasmania Region: 2.3% 2006, Northern Tasmania Region: -1.4% 2005, Northern Tasmania Region: -0.2% 2004, Northern Tasmania Region: 3.3% 2003, Northern Tasmania Region: 0.7%
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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