Gross Regional Product

Definition: Gross Regional Product (GRP) is the market value of all final goods and services produced by all firms in an economy (as distinguished from goods still in the process of production that are purchased by one firm from another for further processing and resale, which are included in total turnover). All values are measured in current prices, whilst percentage changes reflect growth in chain volume measures.

Series: 2003/04-present

Source: Lawrence Consulting

Gross regional product at current prices ($ million)
Bundaberg
Gross Regional Product
Bundaberg Queensland
 
Gross Regional Product
Level ($ million), 2011/12 $3,435.1 $283,604
Annual % change +0.3% +4.0%
5-year average annual % change +1.5% +2.4%
 
GRP per capita
Level ($), 2011/12 $37,396 $63,388
Annual % change +0.4% +2.8%
5-year average annual % change +0.7% +0.6%

GRP per capita

For more detailed information, please refer to Bundaberg Regional Council's economic publication Facts and Figures here