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Goondiwindi Regional Council area

Gross Regional Product

Goondiwindi Regional Council area’s Gross Regional Product was $0.73 billion in the year ending June 2018, growing 1.2% 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

Goondiwindi 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
2018728+1.23673551.03
2017719+3.03723631.02
2016698-4.54124051.02
2015731-1.44414440.99
2014742-1.44634700.98
2013752-1.64794830.99
2012764+4.95085101.00
2011729+4.24904950.99
2010699-5.44544600.99
2009739+5.74844920.98
2008700+0.54904950.99
2007696-5.64944990.99
2006737-4.95185201.00
2005775-3.35275271.00
2004801-0.35225231.00
2003803-8.45135111.00
2002877+1.95975941.00
2001861--5745721.00

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

Goondiwindi Regional Council area - Gross Regional Product
Goondiwindi Regional Council area - Gross Regional Product 2001, Resident GRP: 572 million 2002, Resident GRP: 594 million 2003, Resident GRP: 511 million 2004, Resident GRP: 523 million 2005, Resident GRP: 527 million 2006, Resident GRP: 520 million 2007, Resident GRP: 499 million 2008, Resident GRP: 495 million 2009, Resident GRP: 492 million 2010, Resident GRP: 460 million 2011, Resident GRP: 495 million 2012, Resident GRP: 510 million 2013, Resident GRP: 483 million 2014, Resident GRP: 470 million 2015, Resident GRP: 444 million 2016, Resident GRP: 405 million 2017, Resident GRP: 363 million 2018, Resident GRP: 355 million 2001, Industry GRP: 574 million 2002, Industry GRP: 597 million 2003, Industry GRP: 513 million 2004, Industry GRP: 522 million 2005, Industry GRP: 527 million 2006, Industry GRP: 518 million 2007, Industry GRP: 494 million 2008, Industry GRP: 490 million 2009, Industry GRP: 484 million 2010, Industry GRP: 454 million 2011, Industry GRP: 490 million 2012, Industry GRP: 508 million 2013, Industry GRP: 479 million 2014, Industry GRP: 463 million 2015, Industry GRP: 441 million 2016, Industry GRP: 412 million 2017, Industry GRP: 372 million 2018, Industry GRP: 367 million 2001, Headline GRP: 861 million 2002, Headline GRP: 877 million 2003, Headline GRP: 803 million 2004, Headline GRP: 801 million 2005, Headline GRP: 775 million 2006, Headline GRP: 737 million 2007, Headline GRP: 696 million 2008, Headline GRP: 700 million 2009, Headline GRP: 739 million 2010, Headline GRP: 699 million 2011, Headline GRP: 729 million 2012, Headline GRP: 764 million 2013, Headline GRP: 752 million 2014, Headline GRP: 742 million 2015, Headline GRP: 731 million 2016, Headline GRP: 698 million 2017, Headline GRP: 719 million 2018, Headline GRP: 728 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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