Northern Tasmania RegionEconomic profile
Skip to content

City of Launceston

Gross product

City of Launceston's Gross Regional Product was $4,622m 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, City of Launceston: $4,622 million 2018, City of Launceston: $4,603 million 2017, City of Launceston: $4,595 million 2016, City of Launceston: $4,482 million 2015, City of Launceston: $4,381 million 2014, City of Launceston: $4,365 million 2013, City of Launceston: $4,370 million 2012, City of Launceston: $4,356 million 2011, City of Launceston: $4,379 million 2010, City of Launceston: $4,273 million 2009, City of Launceston: $4,248 million 2008, City of Launceston: $4,148 million 2007, City of Launceston: $4,006 million 2006, City of Launceston: $3,883 million 2005, City of Launceston: $3,717 million 2004, City of Launceston: $3,678 million 2003, City of Launceston: $3,469 million 2002, City of Launceston: $3,399 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, Regional TAS: 139.9% 2018, Regional TAS: 137.2% 2017, Regional TAS: 131.9% 2016, Regional TAS: 128.5% 2015, Regional TAS: 129.5% 2014, Regional TAS: 127.1% 2013, Regional TAS: 126.3% 2012, Regional TAS: 127.4% 2011, Regional TAS: 126.9% 2010, Regional TAS: 125.2% 2009, Regional TAS: 124.8% 2008, Regional TAS: 121.8% 2007, Regional TAS: 118.8% 2006, Regional TAS: 115.4% 2005, Regional TAS: 111.8% 2004, Regional TAS: 110.9% 2003, Regional TAS: 104.4% 2002, Regional TAS: 105.5% 2001, Regional TAS: 100.0% 2019, City of Launceston: 145.7% 2018, City of Launceston: 145.1% 2017, City of Launceston: 144.8% 2016, City of Launceston: 141.2% 2015, City of Launceston: 138.0% 2014, City of Launceston: 137.5% 2013, City of Launceston: 137.7% 2012, City of Launceston: 137.3% 2011, City of Launceston: 138.0% 2010, City of Launceston: 134.6% 2009, City of Launceston: 133.9% 2008, City of Launceston: 130.7% 2007, City of Launceston: 126.2% 2006, City of Launceston: 122.4% 2005, City of Launceston: 117.1% 2004, City of Launceston: 115.9% 2003, City of Launceston: 109.3% 2002, City of Launceston: 107.1% 2001, City of Launceston: 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)
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
20194,622+0.4145.716,986+2.0139.927.21
20184,603+0.2•••145.116,661+4.0137.227.63
20174,595+2.5144.816,027+2.7131.928.67
20164,482+2.3141.215,613-0.8128.528.71
20154,381+0.4138.015,731+1.9129.527.85
20144,365-0.1•••137.515,438+0.6127.128.27
20134,370+0.3137.715,340-0.8126.328.49
20124,356-0.5137.315,469+0.4127.428.16
20114,379+2.5138.015,412+1.3126.928.41
20104,273+0.6134.615,209+0.3125.228.09
20094,248+2.4133.915,164+2.5124.828.02
20084,148+3.5130.714,798+2.6121.828.03
20074,006+3.2126.214,429+2.9118.827.77
20063,883+4.5122.414,021+3.3115.427.70
20053,717+1.1117.113,579+0.8111.827.37
20043,678+6.0115.913,473+6.2110.927.30
20033,469+2.1109.312,681-1.1104.427.36
20023,399+7.1107.112,819+5.5105.526.51
20013,173--100.012,146--100.026.13

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: 2.3% 2018, Average annual growth rate: 2.3% 2017, Average annual growth rate: 2.3% 2016, Average annual growth rate: 2.3% 2015, Average annual growth rate: 2.3% 2014, Average annual growth rate: 2.3% 2013, Average annual growth rate: 2.3% 2012, Average annual growth rate: 2.3% 2011, Average annual growth rate: 2.3% 2010, Average annual growth rate: 2.3% 2009, Average annual growth rate: 2.3% 2008, Average annual growth rate: 2.3% 2007, Average annual growth rate: 2.3% 2006, Average annual growth rate: 2.3% 2005, Average annual growth rate: 2.3% 2004, Average annual growth rate: 2.3% 2003, Average annual growth rate: 2.3% 2019, Regional TAS: 2.0% 2018, Regional TAS: 4.0% 2017, Regional TAS: 2.7% 2016, Regional TAS: -0.8% 2015, Regional TAS: 1.9% 2014, Regional TAS: 0.6% 2013, Regional TAS: -0.8% 2012, Regional TAS: 0.4% 2011, Regional TAS: 1.3% 2010, Regional TAS: 0.3% 2009, Regional TAS: 2.5% 2008, Regional TAS: 2.6% 2007, Regional TAS: 2.9% 2006, Regional TAS: 3.3% 2005, Regional TAS: 0.8% 2004, Regional TAS: 6.2% 2003, Regional TAS: -1.1% 2019, City of Launceston: 0.4% 2018, City of Launceston: 0.2% 2017, City of Launceston: 2.5% 2016, City of Launceston: 2.3% 2015, City of Launceston: 0.4% 2014, City of Launceston: -0.1% 2013, City of Launceston: 0.3% 2012, City of Launceston: -0.5% 2011, City of Launceston: 2.5% 2010, City of Launceston: 0.6% 2009, City of Launceston: 2.4% 2008, City of Launceston: 3.5% 2007, City of Launceston: 3.2% 2006, City of Launceston: 4.5% 2005, City of Launceston: 1.1% 2004, City of Launceston: 6.0% 2003, City of Launceston: 2.1%
Source: National Institute of Economic and Industry Research (NIEIR) ©2019
Compiled and presented in economy.id by .id the population experts
v19.11.15-1.0.0