Northern Tasmania RegionEconomic profile
Skip to content

George Town Council area

Gross product

George Town Council area's Gross Regional Product was $367m as of the 30th June 2017.

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 2017, George Town Council area: $367 million 2016, George Town Council area: $311 million 2015, George Town Council area: $323 million 2014, George Town Council area: $316 million 2013, George Town Council area: $317 million 2012, George Town Council area: $325 million 2011, George Town Council area: $332 million 2010, George Town Council area: $350 million 2009, George Town Council area: $368 million 2008, George Town Council area: $373 million 2007, George Town Council area: $314 million 2006, George Town Council area: $319 million 2005, George Town Council area: $350 million 2004, George Town Council area: $344 million 2003, George Town Council area: $273 million 2002, George Town Council area: $235 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2017, Regional TAS: 131.6% 2016, Regional TAS: 128.4% 2015, Regional TAS: 130.0% 2014, Regional TAS: 127.8% 2013, Regional TAS: 126.7% 2012, Regional TAS: 127.4% 2011, Regional TAS: 127.0% 2010, Regional TAS: 126.0% 2009, Regional TAS: 125.8% 2008, Regional TAS: 123.4% 2007, Regional TAS: 120.0% 2006, Regional TAS: 117.7% 2005, Regional TAS: 114.0% 2004, Regional TAS: 111.7% 2003, Regional TAS: 104.5% 2002, Regional TAS: 106.0% 2001, Regional TAS: 100.0% 2017, George Town Council area: 165.2% 2016, George Town Council area: 140.0% 2015, George Town Council area: 145.5% 2014, George Town Council area: 142.1% 2013, George Town Council area: 142.6% 2012, George Town Council area: 146.4% 2011, George Town Council area: 149.4% 2010, George Town Council area: 157.6% 2009, George Town Council area: 165.9% 2008, George Town Council area: 167.8% 2007, George Town Council area: 141.4% 2006, George Town Council area: 143.5% 2005, George Town Council area: 157.5% 2004, George Town Council area: 154.8% 2003, George Town Council area: 123.1% 2002, George Town Council area: 105.9% 2001, George Town Council area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
George Town Council areaRegional TAS
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeGeorge Town Council area as a % of Regional TAS
2017367+18.0165.215,678+2.5131.62.34
2016311-3.8140.015,288-1.2128.42.03
2015323+2.4145.515,478+1.6130.02.09
2014316-0.3142.115,227+0.9127.82.07
2013317-2.6142.615,093-0.5126.72.10
2012325-2.0146.415,172+0.3127.42.14
2011332-5.2149.415,124+0.7127.02.19
2010350-5.0157.615,011+0.2126.02.33
2009368-1.1165.914,978+1.9125.82.46
2008373+18.7167.814,695+2.8123.42.54
2007314-1.5141.414,291+2.0120.02.20
2006319-8.9143.514,015+3.2117.72.27
2005350+1.7157.513,575+2.0114.02.58
2004344+25.8154.813,307+7.0111.72.58
2003273+16.2123.112,442-1.4104.52.20
2002235+5.9105.912,624+6.0106.01.86
2001222--100.011,910--100.01.86

Source: National Institute of Economic and Industry Research (NIEIR) ©2016. Compiled and presented in economy.id by .id , the population experts

Data are based on a 2015-16 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 2017, Average annual growth rate: 3.4% 2016, Average annual growth rate: 3.4% 2015, Average annual growth rate: 3.4% 2014, Average annual growth rate: 3.4% 2013, Average annual growth rate: 3.4% 2012, Average annual growth rate: 3.4% 2011, Average annual growth rate: 3.4% 2010, Average annual growth rate: 3.4% 2009, Average annual growth rate: 3.4% 2008, Average annual growth rate: 3.4% 2007, Average annual growth rate: 3.4% 2006, Average annual growth rate: 3.4% 2005, Average annual growth rate: 3.4% 2004, Average annual growth rate: 3.4% 2003, Average annual growth rate: 3.4% 2017, Regional TAS: 2.5% 2016, Regional TAS: -1.2% 2015, Regional TAS: 1.6% 2014, Regional TAS: 0.9% 2013, Regional TAS: -0.5% 2012, Regional TAS: 0.3% 2011, Regional TAS: 0.7% 2010, Regional TAS: 0.2% 2009, Regional TAS: 1.9% 2008, Regional TAS: 2.8% 2007, Regional TAS: 2.0% 2006, Regional TAS: 3.2% 2005, Regional TAS: 2.0% 2004, Regional TAS: 7.0% 2003, Regional TAS: -1.4% 2017, George Town Council area: 18.0% 2016, George Town Council area: -3.8% 2015, George Town Council area: 2.4% 2014, George Town Council area: -0.3% 2013, George Town Council area: -2.6% 2012, George Town Council area: -2.0% 2011, George Town Council area: -5.2% 2010, George Town Council area: -5.0% 2009, George Town Council area: -1.1% 2008, George Town Council area: 18.7% 2007, George Town Council area: -1.5% 2006, George Town Council area: -8.9% 2005, George Town Council area: 1.7% 2004, George Town Council area: 25.8% 2003, George Town Council area: 16.2%
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts
v18.09.24-1.0.0