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Toowoomba Regional Council area

Gross Regional Product

Toowoomba Regional Council area’s Gross Regional Product was $10.81 billion in the year ending June 2018, growing 4.5% 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

Toowoomba 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
201810,811+4.56,2996,3151.00
201710,346+4.86,1946,1931.00
20169,873+4.06,4226,3621.01
20159,493+0.96,6036,5921.00
20149,404+3.56,7966,8271.00
20139,088+4.66,8076,8770.99
20128,688+6.66,8206,9180.99
20118,148+1.16,5776,6620.99
20108,059+1.66,1306,2270.98
20097,929+4.76,0766,1520.99
20087,570+3.35,8975,9460.99
20077,328+2.05,5555,5960.99
20067,184+3.75,3105,3490.99
20056,928+4.55,0865,1170.99
20046,627+5.34,7684,7960.99
20036,295-1.64,4174,4201.00
20026,395+2.44,6234,6061.00
20016,248--4,4594,4461.00

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

Toowoomba Regional Council area - Gross Regional Product
Toowoomba Regional Council area - Gross Regional Product 2001, Resident GRP: 4,446 million 2002, Resident GRP: 4,606 million 2003, Resident GRP: 4,420 million 2004, Resident GRP: 4,796 million 2005, Resident GRP: 5,117 million 2006, Resident GRP: 5,349 million 2007, Resident GRP: 5,596 million 2008, Resident GRP: 5,946 million 2009, Resident GRP: 6,152 million 2010, Resident GRP: 6,227 million 2011, Resident GRP: 6,662 million 2012, Resident GRP: 6,918 million 2013, Resident GRP: 6,877 million 2014, Resident GRP: 6,827 million 2015, Resident GRP: 6,592 million 2016, Resident GRP: 6,362 million 2017, Resident GRP: 6,193 million 2018, Resident GRP: 6,315 million 2001, Industry GRP: 4,459 million 2002, Industry GRP: 4,623 million 2003, Industry GRP: 4,417 million 2004, Industry GRP: 4,768 million 2005, Industry GRP: 5,086 million 2006, Industry GRP: 5,310 million 2007, Industry GRP: 5,555 million 2008, Industry GRP: 5,897 million 2009, Industry GRP: 6,076 million 2010, Industry GRP: 6,130 million 2011, Industry GRP: 6,577 million 2012, Industry GRP: 6,820 million 2013, Industry GRP: 6,807 million 2014, Industry GRP: 6,796 million 2015, Industry GRP: 6,603 million 2016, Industry GRP: 6,422 million 2017, Industry GRP: 6,194 million 2018, Industry GRP: 6,299 million 2001, Headline GRP: 6,248 million 2002, Headline GRP: 6,395 million 2003, Headline GRP: 6,295 million 2004, Headline GRP: 6,627 million 2005, Headline GRP: 6,928 million 2006, Headline GRP: 7,184 million 2007, Headline GRP: 7,328 million 2008, Headline GRP: 7,570 million 2009, Headline GRP: 7,929 million 2010, Headline GRP: 8,059 million 2011, Headline GRP: 8,148 million 2012, Headline GRP: 8,688 million 2013, Headline GRP: 9,088 million 2014, Headline GRP: 9,404 million 2015, Headline GRP: 9,493 million 2016, Headline GRP: 9,873 million 2017, Headline GRP: 10,346 million 2018, Headline GRP: 10,811 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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