RDA Darling Downs and South West RegionEconomic profile
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Balonne Shire

Gross Regional Product

Balonne Shire’s Gross Regional Product was $0.31 billion in the year ending June 2018, declining -9.6% 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 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

Balonne Shire - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
2018314-9.61491481.01
2017347+10.41621581.03
2016315-5.21851811.02
2015332-5.02062021.02
2014350-4.82232201.01
2013367-1.12372311.02
2012371+2.42512421.04
2011362+1.12382331.02
2010358-4.92202171.01
2009377+9.72242241.00
200834302262251.00
2007344-13.02342341.00
2006395-13.02762751.00
2005454-14.33153131.01
2004530+1.73513511.00
2003521-14.73613621.00
2002610-3.24514530.99
2001630--4344361.00

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

Balonne Shire - Gross Regional Product
Balonne Shire - Gross Regional Product 2001, Resident GRP: 436 million 2002, Resident GRP: 453 million 2003, Resident GRP: 362 million 2004, Resident GRP: 351 million 2005, Resident GRP: 313 million 2006, Resident GRP: 275 million 2007, Resident GRP: 234 million 2008, Resident GRP: 225 million 2009, Resident GRP: 224 million 2010, Resident GRP: 217 million 2011, Resident GRP: 233 million 2012, Resident GRP: 242 million 2013, Resident GRP: 231 million 2014, Resident GRP: 220 million 2015, Resident GRP: 202 million 2016, Resident GRP: 181 million 2017, Resident GRP: 158 million 2018, Resident GRP: 148 million 2001, Industry GRP: 434 million 2002, Industry GRP: 451 million 2003, Industry GRP: 361 million 2004, Industry GRP: 351 million 2005, Industry GRP: 315 million 2006, Industry GRP: 276 million 2007, Industry GRP: 234 million 2008, Industry GRP: 226 million 2009, Industry GRP: 224 million 2010, Industry GRP: 220 million 2011, Industry GRP: 238 million 2012, Industry GRP: 251 million 2013, Industry GRP: 237 million 2014, Industry GRP: 223 million 2015, Industry GRP: 206 million 2016, Industry GRP: 185 million 2017, Industry GRP: 162 million 2018, Industry GRP: 149 million 2001, Headline GRP: 630 million 2002, Headline GRP: 610 million 2003, Headline GRP: 521 million 2004, Headline GRP: 530 million 2005, Headline GRP: 454 million 2006, Headline GRP: 395 million 2007, Headline GRP: 344 million 2008, Headline GRP: 343 million 2009, Headline GRP: 377 million 2010, Headline GRP: 358 million 2011, Headline GRP: 362 million 2012, Headline GRP: 371 million 2013, Headline GRP: 367 million 2014, Headline GRP: 350 million 2015, Headline GRP: 332 million 2016, Headline GRP: 315 million 2017, Headline GRP: 347 million 2018, Headline GRP: 314 million
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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