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City of Launceston

Gross product

City of Launceston's Gross Regional Product was $4,745m 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, City of Launceston: $4,745 million 2019, City of Launceston: $4,703 million 2018, City of Launceston: $4,621 million 2017, City of Launceston: $4,573 million 2016, City of Launceston: $4,666 million 2015, City of Launceston: $4,543 million 2014, City of Launceston: $4,522 million 2013, City of Launceston: $4,552 million 2012, City of Launceston: $4,604 million 2011, City of Launceston: $4,597 million 2010, City of Launceston: $4,473 million 2009, City of Launceston: $4,451 million 2008, City of Launceston: $4,318 million 2007, City of Launceston: $4,168 million 2006, City of Launceston: $4,016 million 2005, City of Launceston: $3,884 million 2004, City of Launceston: $3,823 million 2003, City of Launceston: $3,626 million 2002, City of Launceston: $3,474 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, Regional TAS: 139.8% 2019, Regional TAS: 141.2% 2018, Regional TAS: 136.9% 2017, Regional TAS: 132.5% 2016, Regional TAS: 131.1% 2015, Regional TAS: 130.8% 2014, Regional TAS: 129.6% 2013, Regional TAS: 128.6% 2012, Regional TAS: 129.9% 2011, Regional TAS: 129.4% 2010, Regional TAS: 127.3% 2009, Regional TAS: 126.8% 2008, Regional TAS: 123.5% 2007, Regional TAS: 120.3% 2006, Regional TAS: 116.3% 2005, Regional TAS: 114.9% 2004, Regional TAS: 111.7% 2003, Regional TAS: 106.1% 2002, Regional TAS: 105.0% 2001, Regional TAS: 100.0% 2020, City of Launceston: 147.4% 2019, City of Launceston: 146.1% 2018, City of Launceston: 143.5% 2017, City of Launceston: 142.0% 2016, City of Launceston: 145.0% 2015, City of Launceston: 141.1% 2014, City of Launceston: 140.5% 2013, City of Launceston: 141.4% 2012, City of Launceston: 143.0% 2011, City of Launceston: 142.8% 2010, City of Launceston: 138.9% 2009, City of Launceston: 138.3% 2008, City of Launceston: 134.1% 2007, City of Launceston: 129.5% 2006, City of Launceston: 124.7% 2005, City of Launceston: 120.6% 2004, City of Launceston: 118.8% 2003, City of Launceston: 112.6% 2002, City of Launceston: 107.9% 2001, City of Launceston: 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)
City of LauncestonRegional TAS
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeCity of Launceston as a % of Regional TAS
20204,745+0.9147.417,417-1.0139.827.24
20194,703+1.8146.117,591+3.1141.226.73
20184,621+1.0143.517,057+3.3136.927.09
20174,573-2.0142.016,505+1.0132.527.71
20164,666+2.7145.016,337+0.2131.128.56
20154,543+0.5141.116,300+0.9130.827.87
20144,522-0.7140.516,152+0.8129.628.00
20134,552-1.1141.416,017-1.0128.628.42
20124,604+0.1•••143.016,180+0.4129.928.46
20114,597+2.8142.816,121+1.6129.428.52
20104,473+0.5138.915,866+0.4127.328.19
20094,451+3.1138.315,795+2.7126.828.18
20084,318+3.6134.115,381+2.6123.528.07
20074,168+3.8129.514,986+3.4120.327.81
20064,016+3.4124.714,489+1.3116.327.71
20053,884+1.6120.614,309+2.8114.927.14
20043,823+5.4118.813,914+5.3111.727.48
20033,626+4.4112.613,219+1.1106.127.43
20023,474+7.9107.913,077+5.0105.026.57
20013,219--100.012,458--100.025.84

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: 2.1% 2019, Average annual growth rate: 2.1% 2018, Average annual growth rate: 2.1% 2017, Average annual growth rate: 2.1% 2016, Average annual growth rate: 2.1% 2015, Average annual growth rate: 2.1% 2014, Average annual growth rate: 2.1% 2013, Average annual growth rate: 2.1% 2012, Average annual growth rate: 2.1% 2011, Average annual growth rate: 2.1% 2010, Average annual growth rate: 2.1% 2009, Average annual growth rate: 2.1% 2008, Average annual growth rate: 2.1% 2007, Average annual growth rate: 2.1% 2006, Average annual growth rate: 2.1% 2005, Average annual growth rate: 2.1% 2004, Average annual growth rate: 2.1% 2003, Average annual growth rate: 2.1% 2020, Regional TAS: -1.0% 2019, Regional TAS: 3.1% 2018, Regional TAS: 3.3% 2017, Regional TAS: 1.0% 2016, Regional TAS: 0.2% 2015, Regional TAS: 0.9% 2014, Regional TAS: 0.8% 2013, Regional TAS: -1.0% 2012, Regional TAS: 0.4% 2011, Regional TAS: 1.6% 2010, Regional TAS: 0.4% 2009, Regional TAS: 2.7% 2008, Regional TAS: 2.6% 2007, Regional TAS: 3.4% 2006, Regional TAS: 1.3% 2005, Regional TAS: 2.8% 2004, Regional TAS: 5.3% 2003, Regional TAS: 1.1% 2020, City of Launceston: 0.9% 2019, City of Launceston: 1.8% 2018, City of Launceston: 1.0% 2017, City of Launceston: -2.0% 2016, City of Launceston: 2.7% 2015, City of Launceston: 0.5% 2014, City of Launceston: -0.7% 2013, City of Launceston: -1.1% 2012, City of Launceston: 0.1% 2011, City of Launceston: 2.8% 2010, City of Launceston: 0.5% 2009, City of Launceston: 3.1% 2008, City of Launceston: 3.6% 2007, City of Launceston: 3.8% 2006, City of Launceston: 3.4% 2005, City of Launceston: 1.6% 2004, City of Launceston: 5.4% 2003, City of Launceston: 4.4%
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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