King Island Council area's Gross Regional Product was $165m in 2022/23.
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 2001.
Current area:
Current benchmark:
| Gross Regional Product (GRP) | |||||||
|---|---|---|---|---|---|---|---|
| King Island Council area | Tasmania | ||||||
| Year (ending June 30) | GRP $m | % change from previous year | Cumulative change | GRP $m | % change from previous year | Cumulative change | King Island Council area as a % of Tasmania |
| 2023 | 165 | -2.39 | 173 | +38,611.80 | +1.16 | +174.87 | 0.43 |
| 2022 | 169 | +9.93 | 177 | +38,169.13 | +4.28 | +172.86 | 0.44 |
| 2021 | 154 | +11.64 | 161 | +36,602.25 | +4.73 | +165.77 | 0.42 |
| 2020 | 138 | -12.31 | 144 | +34,948.45 | +0.06 | +158.28 | 0.39 |
| 2019 | 157 | -3.00 | 165 | +34,926.77 | +3.70 | +158.18 | 0.45 |
| 2018 | 162 | +2.63 | 170 | +33,679.30 | +3.59 | +152.53 | 0.48 |
| 2017 | 158 | +4.99 | 165 | +32,511.27 | +1.46 | +147.24 | 0.48 |
| 2016 | 150 | +6.73 | 157 | +32,043.42 | +1.88 | +145.12 | 0.47 |
| 2015 | 141 | +1.99 | 147 | +31,453.38 | +1.18 | +142.45 | 0.45 |
| 2014 | 138 | -0.36 | 145 | +31,085.90 | +1.47 | +140.78 | 0.44 |
| 2013 | 138 | -5.70 | 145 | +30,635.65 | -0.60 | +138.75 | 0.45 |
| 2012 | 147 | +12.42 | 154 | +30,819.90 | +1.90 | +139.58 | 0.48 |
| 2011 | 131 | +8.19 | 137 | +30,246.31 | +2.37 | +136.98 | 0.43 |
| 2010 | 121 | -3.33 | 127 | +29,545.95 | +0.82 | +133.81 | 0.41 |
| 2009 | 125 | +2.19 | 131 | +29,305.34 | +2.82 | +132.72 | 0.43 |
| 2008 | 122 | -2.07 | 128 | +28,501.04 | +4.19 | +129.08 | 0.43 |
| 2007 | 125 | +4.83 | 131 | +27,354.18 | +2.55 | +123.88 | 0.46 |
| 2006 | 119 | +7.84 | 125 | +26,675.02 | +3.86 | +120.81 | 0.45 |
| 2005 | 110 | +2.51 | 116 | +25,683.01 | +2.55 | +116.32 | 0.43 |
| 2004 | 108 | +5.03 | 113 | +25,043.33 | +4.99 | +113.42 | 0.43 |
| 2003 | 102 | +3.10 | 107 | +23,853.89 | +2.72 | +108.03 | 0.43 |
| 2002 | 99 | +4.23 | 104 | +23,221.65 | +5.17 | +105.17 | 0.43 |
| 2001 | 95 | -- | 100 | +22,080.49 | -- | +100.00 | 0.43 |
Source: National Institute of Economic and Industry Research (NIEIR) ©2024. Compiled and presented in economy.id by .id (informed decisions). Please refer to specific data notes for more information | |||||||