RDA Wide Bay Burnett RegionEconomic profile
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RDA Wide Bay Burnett Region

Gross Regional Product

RDA Wide Bay Burnett Region’s Gross Regional Product was $12.41 billion in the year ending June 2018, growing 2.0% 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

RDA Wide Bay Burnett Region - Gross Regional Product measures
Year ending JuneHeadline GRP $m% change from previous yearLocal industry GRP $mLocal residents GRP $mLocal industry to residents ratio
201812,414+2.07,7037,8440.98
201712,173+3.37,6277,8560.97
201611,789+0.78,0498,3350.97
201511,713-2.58,3808,7800.95
201412,017-0.88,8299,3100.95
201312,117+2.39,1579,7380.94
201211,850+2.19,3609,9270.94
201111,610-0.29,2869,7700.95
201011,635-0.78,8659,2650.96
200911,720+1.59,0129,3860.96
200811,544+3.78,8939,2020.97
200711,128+3.08,3608,6240.97
200610,803+5.88,0398,2650.97
200510,212+10.27,4657,6400.98
20049,269+5.26,5556,7150.98
20038,812-1.15,9966,1310.98
20028,910+6.66,1956,3060.98
20018,360--5,8065,8960.98

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

RDA Wide Bay Burnett Region - Gross Regional Product
RDA Wide Bay Burnett Region - Gross Regional Product 2001, Resident GRP: 5,896 million 2002, Resident GRP: 6,306 million 2003, Resident GRP: 6,131 million 2004, Resident GRP: 6,715 million 2005, Resident GRP: 7,640 million 2006, Resident GRP: 8,265 million 2007, Resident GRP: 8,624 million 2008, Resident GRP: 9,202 million 2009, Resident GRP: 9,386 million 2010, Resident GRP: 9,265 million 2011, Resident GRP: 9,770 million 2012, Resident GRP: 9,927 million 2013, Resident GRP: 9,738 million 2014, Resident GRP: 9,310 million 2015, Resident GRP: 8,780 million 2016, Resident GRP: 8,335 million 2017, Resident GRP: 7,856 million 2018, Resident GRP: 7,844 million 2001, Industry GRP: 5,806 million 2002, Industry GRP: 6,195 million 2003, Industry GRP: 5,996 million 2004, Industry GRP: 6,555 million 2005, Industry GRP: 7,465 million 2006, Industry GRP: 8,039 million 2007, Industry GRP: 8,360 million 2008, Industry GRP: 8,893 million 2009, Industry GRP: 9,012 million 2010, Industry GRP: 8,865 million 2011, Industry GRP: 9,286 million 2012, Industry GRP: 9,360 million 2013, Industry GRP: 9,157 million 2014, Industry GRP: 8,829 million 2015, Industry GRP: 8,380 million 2016, Industry GRP: 8,049 million 2017, Industry GRP: 7,627 million 2018, Industry GRP: 7,703 million 2001, Headline GRP: 8,360 million 2002, Headline GRP: 8,910 million 2003, Headline GRP: 8,812 million 2004, Headline GRP: 9,269 million 2005, Headline GRP: 10,212 million 2006, Headline GRP: 10,803 million 2007, Headline GRP: 11,128 million 2008, Headline GRP: 11,544 million 2009, Headline GRP: 11,720 million 2010, Headline GRP: 11,635 million 2011, Headline GRP: 11,610 million 2012, Headline GRP: 11,850 million 2013, Headline GRP: 12,117 million 2014, Headline GRP: 12,017 million 2015, Headline GRP: 11,713 million 2016, Headline GRP: 11,789 million 2017, Headline GRP: 12,173 million 2018, Headline GRP: 12,414 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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