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George Town Council area

Gross product

George Town Council area's Gross Regional Product was $364m as of the 30th June 2018.

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 2018, George Town Council area: $364 million 2017, George Town Council area: $368 million 2016, George Town Council area: $306 million 2015, George Town Council area: $320 million 2014, George Town Council area: $313 million 2013, George Town Council area: $315 million 2012, George Town Council area: $321 million 2011, George Town Council area: $328 million 2010, George Town Council area: $343 million 2009, George Town Council area: $353 million 2008, George Town Council area: $360 million 2007, George Town Council area: $309 million 2006, George Town Council area: $289 million 2005, George Town Council area: $297 million 2004, George Town Council area: $293 million 2003, George Town Council area: $251 million 2002, George Town Council area: $232 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Regional TAS: 130.5% 2017, Regional TAS: 130.9% 2016, Regional TAS: 127.2% 2015, Regional TAS: 128.8% 2014, Regional TAS: 126.5% 2013, Regional TAS: 125.4% 2012, Regional TAS: 126.5% 2011, Regional TAS: 126.1% 2010, Regional TAS: 124.8% 2009, Regional TAS: 124.3% 2008, Regional TAS: 121.8% 2007, Regional TAS: 119.4% 2006, Regional TAS: 116.1% 2005, Regional TAS: 112.7% 2004, Regional TAS: 110.8% 2003, Regional TAS: 104.2% 2002, Regional TAS: 106.0% 2001, Regional TAS: 100.0% 2018, George Town Council area: 170.2% 2017, George Town Council area: 172.0% 2016, George Town Council area: 143.1% 2015, George Town Council area: 149.5% 2014, George Town Council area: 146.2% 2013, George Town Council area: 147.4% 2012, George Town Council area: 150.1% 2011, George Town Council area: 153.6% 2010, George Town Council area: 160.6% 2009, George Town Council area: 165.3% 2008, George Town Council area: 168.4% 2007, George Town Council area: 144.6% 2006, George Town Council area: 135.2% 2005, George Town Council area: 139.0% 2004, George Town Council area: 136.8% 2003, George Town Council area: 117.5% 2002, George Town Council area: 108.3% 2001, George Town Council area: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
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
2018364-1.1170.215,527-0.3130.52.35
2017368+20.2172.015,576+2.8130.92.36
2016306-4.3143.115,146-1.2127.22.02
2015320+2.3149.515,327+1.8128.82.09
2014313-0.8146.215,054+0.8126.52.08
2013315-1.8147.414,928-0.9125.42.11
2012321-2.2150.115,057+0.3126.52.13
2011328-4.4153.615,006+1.0126.12.19
2010343-2.8160.614,856+0.4124.82.31
2009353-1.9165.314,795+2.1124.32.39
2008360+16.4168.414,492+2.0121.82.49
2007309+6.9144.614,208+2.8119.42.18
2006289-2.7135.213,821+3.1116.12.09
2005297+1.6139.013,409+1.7112.72.22
2004293+16.5136.813,188+6.3110.82.22
2003251+8.5117.512,405-1.7104.22.03
2002232+8.3108.312,616+6.0106.01.84
2001214--100.011,903--100.01.80

Source: National Institute of Economic and Industry Research (NIEIR) ©2018. 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 2018, Average annual growth rate: 3.1% 2017, Average annual growth rate: 3.1% 2016, Average annual growth rate: 3.1% 2015, Average annual growth rate: 3.1% 2014, Average annual growth rate: 3.1% 2013, Average annual growth rate: 3.1% 2012, Average annual growth rate: 3.1% 2011, Average annual growth rate: 3.1% 2010, Average annual growth rate: 3.1% 2009, Average annual growth rate: 3.1% 2008, Average annual growth rate: 3.1% 2007, Average annual growth rate: 3.1% 2006, Average annual growth rate: 3.1% 2005, Average annual growth rate: 3.1% 2004, Average annual growth rate: 3.1% 2003, Average annual growth rate: 3.1% 2018, Regional TAS: -0.3% 2017, Regional TAS: 2.8% 2016, Regional TAS: -1.2% 2015, Regional TAS: 1.8% 2014, Regional TAS: 0.8% 2013, Regional TAS: -0.9% 2012, Regional TAS: 0.3% 2011, Regional TAS: 1.0% 2010, Regional TAS: 0.4% 2009, Regional TAS: 2.1% 2008, Regional TAS: 2.0% 2007, Regional TAS: 2.8% 2006, Regional TAS: 3.1% 2005, Regional TAS: 1.7% 2004, Regional TAS: 6.3% 2003, Regional TAS: -1.7% 2018, George Town Council area: -1.1% 2017, George Town Council area: 20.2% 2016, George Town Council area: -4.3% 2015, George Town Council area: 2.3% 2014, George Town Council area: -0.8% 2013, George Town Council area: -1.8% 2012, George Town Council area: -2.2% 2011, George Town Council area: -4.4% 2010, George Town Council area: -2.8% 2009, George Town Council area: -1.9% 2008, George Town Council area: 16.4% 2007, George Town Council area: 6.9% 2006, George Town Council area: -2.7% 2005, George Town Council area: 1.6% 2004, George Town Council area: 16.5% 2003, George Town Council area: 8.5%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
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