South West RED RegionEconomic profile
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South West RED Region

Gross product

The South West RED Region's Gross Regional Product was $2,310m as of the 30th June 2018.

The Gross Regional Product of an area is the equivalent of Gross Domestic Product, but for a smaller area. It is the amount of the nation’s wealth which is generated by businesses, organisations and individuals working in the area. This dataset is derived from the National Economics microsimulation model, and is a broad indicator of the growth or decline of the local economy over time. Data are presented for each year back to 2002.

Gross Regional Product
Gross Regional Product 2018, South West RED Region: $2,310 million 2017, South West RED Region: $2,146 million 2016, South West RED Region: $1,922 million 2015, South West RED Region: $2,128 million 2014, South West RED Region: $2,207 million 2013, South West RED Region: $2,173 million 2012, South West RED Region: $2,121 million 2011, South West RED Region: $1,947 million 2010, South West RED Region: $2,005 million 2009, South West RED Region: $2,151 million 2008, South West RED Region: $1,938 million 2007, South West RED Region: $1,773 million 2006, South West RED Region: $1,780 million 2005, South West RED Region: $1,952 million 2004, South West RED Region: $2,000 million 2003, South West RED Region: $1,987 million 2002, South West RED Region: $2,177 million
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Cumulative change in Gross Regional Product
Cumulative change in Gross Regional Product 2018, Queensland: 175.5% 2017, Queensland: 171.8% 2016, Queensland: 167.7% 2015, Queensland: 165.2% 2014, Queensland: 165.2% 2013, Queensland: 160.4% 2012, Queensland: 157.4% 2011, Queensland: 148.9% 2010, Queensland: 147.6% 2009, Queensland: 147.1% 2008, Queensland: 144.9% 2007, Queensland: 139.2% 2006, Queensland: 130.2% 2005, Queensland: 122.9% 2004, Queensland: 115.0% 2003, Queensland: 109.4% 2002, Queensland: 105.8% 2001, Queensland: 100.0% 2018, South West RED Region: 103.3% 2017, South West RED Region: 96.0% 2016, South West RED Region: 86.0% 2015, South West RED Region: 95.2% 2014, South West RED Region: 98.7% 2013, South West RED Region: 97.2% 2012, South West RED Region: 94.9% 2011, South West RED Region: 87.1% 2010, South West RED Region: 89.7% 2009, South West RED Region: 96.2% 2008, South West RED Region: 86.7% 2007, South West RED Region: 79.3% 2006, South West RED Region: 79.7% 2005, South West RED Region: 87.3% 2004, South West RED Region: 89.5% 2003, South West RED Region: 88.9% 2002, South West RED Region: 97.4% 2001, South West RED Region: 100.0%
Source: National Institute of Economic and Industry Research (NIEIR) ©2018
Compiled and presented in economy.id by .id the population experts
Gross Regional Product (GRP)
South West RED RegionQueensland
Year (ending June 30)GRP $m% change from previous yearCumulative changeGRP $m% change from previous yearCumulative changeSouth West RED Region as a % of Queensland
20182,310+7.6103.3316,310+2.2175.50.73
20172,146+11.796.0309,631+2.4171.80.69
20161,922-9.786.0302,268+1.6167.70.64
20152,128-3.695.2297,6430165.20.72
20142,207+1.598.7297,630+3.0165.20.74
20132,173+2.597.2289,072+1.9160.40.75
20122,121+8.994.9283,635+5.7157.40.75
20111,947-2.987.1268,248+0.9148.90.73
20102,005-6.889.7265,929+0.3147.60.75
20092,151+11.096.2265,024+1.5147.10.81
20081,938+9.386.7261,188+4.1144.90.74
20071,773-0.479.3250,828+6.9139.20.71
20061,780-8.879.7234,682+6.0130.20.76
20051,952-2.487.3221,437+6.9122.90.88
20042,000+0.789.5207,203+5.1115.00.97
20031,987-8.788.9197,170+3.4109.41.01
20022,177-2.697.4190,621+5.8105.81.14
20012,235--100.0180,197--100.01.24

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

*Cumulative change uses 2010 as the base year.

Annual change in Gross Regional Product
Annual change in Gross Regional Product 2018, Average annual growth rate: 0.6% 2017, Average annual growth rate: 0.6% 2016, Average annual growth rate: 0.6% 2015, Average annual growth rate: 0.6% 2014, Average annual growth rate: 0.6% 2013, Average annual growth rate: 0.6% 2012, Average annual growth rate: 0.6% 2011, Average annual growth rate: 0.6% 2010, Average annual growth rate: 0.6% 2009, Average annual growth rate: 0.6% 2008, Average annual growth rate: 0.6% 2007, Average annual growth rate: 0.6% 2006, Average annual growth rate: 0.6% 2005, Average annual growth rate: 0.6% 2004, Average annual growth rate: 0.6% 2003, Average annual growth rate: 0.6% 2018, Queensland: 2.2% 2017, Queensland: 2.4% 2016, Queensland: 1.6% 2015, Queensland: 0.0% 2014, Queensland: 3.0% 2013, Queensland: 1.9% 2012, Queensland: 5.7% 2011, Queensland: 0.9% 2010, Queensland: 0.3% 2009, Queensland: 1.5% 2008, Queensland: 4.1% 2007, Queensland: 6.9% 2006, Queensland: 6.0% 2005, Queensland: 6.9% 2004, Queensland: 5.1% 2003, Queensland: 3.4% 2018, South West RED Region: 7.6% 2017, South West RED Region: 11.7% 2016, South West RED Region: -9.7% 2015, South West RED Region: -3.6% 2014, South West RED Region: 1.5% 2013, South West RED Region: 2.5% 2012, South West RED Region: 8.9% 2011, South West RED Region: -2.9% 2010, South West RED Region: -6.8% 2009, South West RED Region: 11.0% 2008, South West RED Region: 9.3% 2007, South West RED Region: -0.4% 2006, South West RED Region: -8.8% 2005, South West RED Region: -2.4% 2004, South West RED Region: 0.7% 2003, South West RED Region: -8.7%
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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