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 $12.44 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
201812,444+2.07,7247,8530.98
201712,203+3.37,6477,8650.97
201611,815+0.68,0698,3440.97
201511,739-2.58,4028,7900.96
201412,044-0.88,8529,3210.95
201312,147+2.29,1819,7500.94
201211,881+2.19,3879,9400.94
201111,642-0.29,3139,7840.95
201011,668-0.78,8929,2800.96
200911,756+1.59,0409,4020.96
200811,581+3.78,9229,2200.97
200711,168+3.08,3898,6430.97
200610,844+5.88,0698,2840.97
200510,254+10.17,4957,6590.98
20049,310+5.16,5846,7330.98
20038,856-1.16,0266,1500.98
20028,957+6.66,2286,3260.98
20018,404--5,8365,9140.99

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: 5,914 million 2002, Resident GRP: 6,326 million 2003, Resident GRP: 6,150 million 2004, Resident GRP: 6,733 million 2005, Resident GRP: 7,659 million 2006, Resident GRP: 8,284 million 2007, Resident GRP: 8,643 million 2008, Resident GRP: 9,220 million 2009, Resident GRP: 9,402 million 2010, Resident GRP: 9,280 million 2011, Resident GRP: 9,784 million 2012, Resident GRP: 9,940 million 2013, Resident GRP: 9,750 million 2014, Resident GRP: 9,321 million 2015, Resident GRP: 8,790 million 2016, Resident GRP: 8,344 million 2017, Resident GRP: 7,865 million 2018, Resident GRP: 7,853 million 2001, Industry GRP: 5,836 million 2002, Industry GRP: 6,228 million 2003, Industry GRP: 6,026 million 2004, Industry GRP: 6,584 million 2005, Industry GRP: 7,495 million 2006, Industry GRP: 8,069 million 2007, Industry GRP: 8,389 million 2008, Industry GRP: 8,922 million 2009, Industry GRP: 9,040 million 2010, Industry GRP: 8,892 million 2011, Industry GRP: 9,313 million 2012, Industry GRP: 9,387 million 2013, Industry GRP: 9,181 million 2014, Industry GRP: 8,852 million 2015, Industry GRP: 8,402 million 2016, Industry GRP: 8,069 million 2017, Industry GRP: 7,647 million 2018, Industry GRP: 7,724 million 2001, Headline GRP: 8,404 million 2002, Headline GRP: 8,957 million 2003, Headline GRP: 8,856 million 2004, Headline GRP: 9,310 million 2005, Headline GRP: 10,254 million 2006, Headline GRP: 10,844 million 2007, Headline GRP: 11,168 million 2008, Headline GRP: 11,581 million 2009, Headline GRP: 11,756 million 2010, Headline GRP: 11,668 million 2011, Headline GRP: 11,642 million 2012, Headline GRP: 11,881 million 2013, Headline GRP: 12,147 million 2014, Headline GRP: 12,044 million 2015, Headline GRP: 11,739 million 2016, Headline GRP: 11,815 million 2017, Headline GRP: 12,203 million 2018, Headline GRP: 12,444 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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