Queanbeyan-Palerang Regional CouncilEconomic profile
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Queanbeyan-Palerang Regional Council area

Gross Regional Product

This page has been updated with 2016-17 NIEIR-ID economic model data

You may notice some changes to current and past data. Learn more about these changes.

Queanbeyan-Palerang Regional Council area’s Gross Regional Product was $2.41 billion in the year ending June 2017, growing 0.6% 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 Regional Council. 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

Queanbeyan-Palerang Regional Council area - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
20172,414+0.62,2804,1870.54
20162,399-0.12,2804,1130.55
20152,401-1.92,3394,0530.58
20142,447-0.92,3493,9140.60
20132,469+1.92,3293,8730.60
20122,422+0.62,3253,8820.60
20112,409+6.02,2493,7410.60
20102,273-2.52,0543,4630.59
20092,330-3.42,0563,3960.61
20082,411-0.32,0453,3660.61
20072,419+4.31,8493,1180.59
20062,319+8.21,7172,9230.59
20052,143+7.01,5862,7360.58
20042,003+2.41,4062,3900.59
20031,956+6.71,3102,2140.59
20021,833-1.71,2322,1150.58
20011,864--1,2362,0780.59

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

Queanbeyan-Palerang Regional Council area - Gross Regional Product
Queanbeyan-Palerang Regional Council area - Gross Regional Product 2001, Resident GRP: 2,078 million 2002, Resident GRP: 2,115 million 2003, Resident GRP: 2,214 million 2004, Resident GRP: 2,390 million 2005, Resident GRP: 2,736 million 2006, Resident GRP: 2,923 million 2007, Resident GRP: 3,118 million 2008, Resident GRP: 3,366 million 2009, Resident GRP: 3,396 million 2010, Resident GRP: 3,463 million 2011, Resident GRP: 3,741 million 2012, Resident GRP: 3,882 million 2013, Resident GRP: 3,873 million 2014, Resident GRP: 3,914 million 2015, Resident GRP: 4,053 million 2016, Resident GRP: 4,113 million 2017, Resident GRP: 4,187 million 2001, Industry GRP: 1,236 million 2002, Industry GRP: 1,232 million 2003, Industry GRP: 1,310 million 2004, Industry GRP: 1,406 million 2005, Industry GRP: 1,586 million 2006, Industry GRP: 1,717 million 2007, Industry GRP: 1,849 million 2008, Industry GRP: 2,045 million 2009, Industry GRP: 2,056 million 2010, Industry GRP: 2,054 million 2011, Industry GRP: 2,249 million 2012, Industry GRP: 2,325 million 2013, Industry GRP: 2,329 million 2014, Industry GRP: 2,349 million 2015, Industry GRP: 2,339 million 2016, Industry GRP: 2,280 million 2017, Industry GRP: 2,280 million 2001, Headline GRP: 1,864 million 2002, Headline GRP: 1,833 million 2003, Headline GRP: 1,956 million 2004, Headline GRP: 2,003 million 2005, Headline GRP: 2,143 million 2006, Headline GRP: 2,319 million 2007, Headline GRP: 2,419 million 2008, Headline GRP: 2,411 million 2009, Headline GRP: 2,330 million 2010, Headline GRP: 2,273 million 2011, Headline GRP: 2,409 million 2012, Headline GRP: 2,422 million 2013, Headline GRP: 2,469 million 2014, Headline GRP: 2,447 million 2015, Headline GRP: 2,401 million 2016, Headline GRP: 2,399 million 2017, Headline GRP: 2,414 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2016
Compiled and presented in economy.id by .id the population experts

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