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Toowoomba Regional Council area

Gross Regional Product

Toowoomba Regional Council area’s Gross Regional Product was $12.19 billion in the year ending June 2019, growing 3.8% 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
201912,187+3.87,8807,6381.03
201811,736+5.47,7177,6231.01
201711,135+5.57,6177,5551.01
201610,553+4.77,4507,4151.00
201510,082+0.17,2047,2271.00
201410,075+3.97,0277,1140.99
20139,698+6.56,9527,0880.98
20129,103+7.36,8717,0040.98
20118,482+1.56,6346,7520.98
20108,356+2.16,3186,4470.98
20098,184+3.86,1176,2490.98
20087,883+5.85,8425,9350.98
20077,451+4.05,4635,5490.98
20067,164+2.05,1265,2430.98
20057,021+1.94,9145,0080.98
20046,890+5.74,7154,8030.98
20036,519-0.14,4834,5270.99
20026,525+3.34,6724,6990.99
20016,316--4,3724,4160.99

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

Toowoomba Regional Council area - Gross Regional Product
Toowoomba Regional Council area - Gross Regional Product 2001, Resident GRP: 4,416 million 2002, Resident GRP: 4,699 million 2003, Resident GRP: 4,527 million 2004, Resident GRP: 4,803 million 2005, Resident GRP: 5,008 million 2006, Resident GRP: 5,243 million 2007, Resident GRP: 5,549 million 2008, Resident GRP: 5,935 million 2009, Resident GRP: 6,249 million 2010, Resident GRP: 6,447 million 2011, Resident GRP: 6,752 million 2012, Resident GRP: 7,004 million 2013, Resident GRP: 7,088 million 2014, Resident GRP: 7,114 million 2015, Resident GRP: 7,227 million 2016, Resident GRP: 7,415 million 2017, Resident GRP: 7,555 million 2018, Resident GRP: 7,623 million 2019, Resident GRP: 7,638 million 2001, Industry GRP: 4,372 million 2002, Industry GRP: 4,672 million 2003, Industry GRP: 4,483 million 2004, Industry GRP: 4,715 million 2005, Industry GRP: 4,914 million 2006, Industry GRP: 5,126 million 2007, Industry GRP: 5,463 million 2008, Industry GRP: 5,842 million 2009, Industry GRP: 6,117 million 2010, Industry GRP: 6,318 million 2011, Industry GRP: 6,634 million 2012, Industry GRP: 6,871 million 2013, Industry GRP: 6,952 million 2014, Industry GRP: 7,027 million 2015, Industry GRP: 7,204 million 2016, Industry GRP: 7,450 million 2017, Industry GRP: 7,617 million 2018, Industry GRP: 7,717 million 2019, Industry GRP: 7,880 million 2001, Headline GRP: 6,316 million 2002, Headline GRP: 6,525 million 2003, Headline GRP: 6,519 million 2004, Headline GRP: 6,890 million 2005, Headline GRP: 7,021 million 2006, Headline GRP: 7,164 million 2007, Headline GRP: 7,451 million 2008, Headline GRP: 7,883 million 2009, Headline GRP: 8,184 million 2010, Headline GRP: 8,356 million 2011, Headline GRP: 8,482 million 2012, Headline GRP: 9,103 million 2013, Headline GRP: 9,698 million 2014, Headline GRP: 10,075 million 2015, Headline GRP: 10,082 million 2016, Headline GRP: 10,553 million 2017, Headline GRP: 11,135 million 2018, Headline GRP: 11,736 million 2019, Headline GRP: 12,187 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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