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City of Launceston

Gross Regional Product

City of Launceston’s Gross Regional Product was $4.60 billion in the year ending June 2019, growing 3.2% since the previous year.

Headline Gross Regional Product (GRP) is a measure of size or net wealth generated by the local economy. Changes in this figure over time can represent changes in employment, productivity or the types of industries in the area.

Local Industry GRP shows the value of the local economy, generated by the local workers within the area regardless of where they live, after taxes and dividends leave the area. It is best thought of as GRP produced by local industries.

Local Residents GRP refers to the economic output of the residents of the area regardless of where they work. It is best thought of as the income received by people in the Region. If the Residents GRP is high relative to the Local Industry GRP, this indicates that residents are contributing their economic productivity to other areas (most likely commuting out).

To understand the relative size of these measures and reasons behind the differences, GRP data should be viewed in conjunction with Jobs to workers ratio and Employment self-containment datasets. To understand the main contributors to GRP, this dataset should be viewed in conjunction with industry Value added.

National Economics (NIEIR) - Modelled series

City of Launceston - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20194,598+3.23,3352,7491.21
20184,456+0.83,2972,7311.21
20174,42203,2602,6551.23
20164,422+1.33,2022,6321.22
20154,365+0.33,1082,5621.21
20144,354-0.12,9252,4221.21
20134,359-0.72,9542,4451.21
20124,39103,0862,5301.22
20114,390+2.53,1892,5911.23
20104,282+0.43,2252,6171.23
20094,263+3.03,1082,5111.24
20084,138+4.43,0162,4201.25
20073,964+3.62,7922,2381.25
20063,827+3.12,6362,0801.27
20053,711+1.92,4871,9121.30
20043,643+5.12,3311,7411.34
20033,468+4.12,1631,5801.37
20023,331+7.22,1501,5351.40
20013,108--1,9181,3931.38

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

City of Launceston - Gross Regional Product
City of Launceston - Gross Regional Product 2001, Resident GRP: 1,393 million 2002, Resident GRP: 1,535 million 2003, Resident GRP: 1,580 million 2004, Resident GRP: 1,741 million 2005, Resident GRP: 1,912 million 2006, Resident GRP: 2,080 million 2007, Resident GRP: 2,238 million 2008, Resident GRP: 2,420 million 2009, Resident GRP: 2,511 million 2010, Resident GRP: 2,617 million 2011, Resident GRP: 2,591 million 2012, Resident GRP: 2,530 million 2013, Resident GRP: 2,445 million 2014, Resident GRP: 2,422 million 2015, Resident GRP: 2,562 million 2016, Resident GRP: 2,632 million 2017, Resident GRP: 2,655 million 2018, Resident GRP: 2,731 million 2019, Resident GRP: 2,749 million 2001, Industry GRP: 1,918 million 2002, Industry GRP: 2,150 million 2003, Industry GRP: 2,163 million 2004, Industry GRP: 2,331 million 2005, Industry GRP: 2,487 million 2006, Industry GRP: 2,636 million 2007, Industry GRP: 2,792 million 2008, Industry GRP: 3,016 million 2009, Industry GRP: 3,108 million 2010, Industry GRP: 3,225 million 2011, Industry GRP: 3,189 million 2012, Industry GRP: 3,086 million 2013, Industry GRP: 2,954 million 2014, Industry GRP: 2,925 million 2015, Industry GRP: 3,108 million 2016, Industry GRP: 3,202 million 2017, Industry GRP: 3,260 million 2018, Industry GRP: 3,297 million 2019, Industry GRP: 3,335 million 2001, Headline GRP: 3,108 million 2002, Headline GRP: 3,331 million 2003, Headline GRP: 3,468 million 2004, Headline GRP: 3,643 million 2005, Headline GRP: 3,711 million 2006, Headline GRP: 3,827 million 2007, Headline GRP: 3,964 million 2008, Headline GRP: 4,138 million 2009, Headline GRP: 4,263 million 2010, Headline GRP: 4,282 million 2011, Headline GRP: 4,390 million 2012, Headline GRP: 4,391 million 2013, Headline GRP: 4,359 million 2014, Headline GRP: 4,354 million 2015, Headline GRP: 4,365 million 2016, Headline GRP: 4,422 million 2017, Headline GRP: 4,422 million 2018, Headline GRP: 4,456 million 2019, Headline GRP: 4,598 million
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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