TOOWOOMBA

Economic performance of a region can be measured using 10 headline indicators (or EPIs):

EPI 1: Population growth

EPI 6: Productivity level

EPI 2: Economic growth

EPI 7: Index of Economic Diversity

EPI 3: GRP per capita

EPI 8: Growth in dwelling approvals

EPI 4: Employment growth

EPI 9: Average business turnover

EPI 5: Unemployment Rate

EPI 10: Per capita income

Population

161,970 persons (2014)

EPI 1: Population growth

Measured by the annual % change in estimated resident population

Population Growth

	Population level	Population level	Annual change (+/-)	Annual % change	Average annual growth	Annual growth vs 5yr avg
	2014	1 year ago	2013-14	2013-14	2009-14
Toowoomba	161,970	160,159	+1,811	1.1%	1.2%	Average

Toowoomba and Surat Basin	209,485	207,349	+2,136	1.0%	1.3%	Weak
Queensland	4,722,447	4,651,912	+70,535	1.5%	1.8%	Weak
Australia	23,490,736	23,125,868	+364,868	1.6%	1.6%	Average

Source: ABS

Population

LGA Performance Ratings

	Level	Rating
Population change, 2013-14 (+/-)	+1,811
Population growth, 2013-14 (%)	1.1%
Average annual population growth, 2009-14 (%)	1.2%

Gross Regional Product

$9.3 billion (2013/14)

EPI 2: Economic growth

Measured by annual change in real Gross Regional Product

EPI 3: GRP per capita

Measured by the total GRP divided by the resident population

Gross Regional Product

	GRP ($M)	Annual growth	Average annual growth	Annual growth vs 5yr avg	GRP per capita ($)	Annual growth
	2013/14	2012/13-2013/14	last 5yrs		2013/14	2012/13-2013/14
Toowoomba	9,255.4	0.6%	1.7%	Underperform	57,601	-0.9%

Toowoomba and Surat Basin	14,018.4	3.2%	3.1%	Underperform	67,257	1.6%
Queensland	296,235.0	2.3%	2.5%	Average	63,361	0.4%
Australia	1,583,557.0	2.5%	2.6%	Outperform	67,415	0.7%

Source: ABS, DEEWR, Lawrence Consulting

GRP per capita

LGA Performance Ratings

	Level	Rating
Annual GRP growth, 2012/13-2013/14 (%)	0.6%
Average annual GRP growth, last 5 years (%)	1.7%
GRP per capita, 2013/14 ($)	$57,601
Annual GRP per capita growth, 2012/13-2013/14 (%)	-0.9%

Labour Market

72,470 employed persons (Jun Qtr 2015)

EPI 4: Employment growth

Measured by the annual change in employed persons (residents)

EPI 5: Unemployment rate

Measured by total unemployed persons as % of labour force

Labour Market

	Employed persons	Annual change (+/-)	Annual growth	Unemployment rate	Current rate vs 5yr avg
	Jun Qtr 2015	yr to Jun Qtr 2015	Jun Qtr 2015	Jun Qtr 2015
Toowoomba	72,470	-3,598	-4.7%	5.0%	Underperform

Toowoomba and Surat Basin	97,323	-5,474	-5.3%	4.5%	Strong
Queensland	2,332,008	+12,006	0.5%	6.5%	Weak
Australia	11,671,495	+173,284	1.5%	6.1%	Weak

Source: DEEWR, Lawrence Consulting

Unemployment Rate

LGA Performance Ratings

	Level	Rating
Annual change in employed persons, yr to Jun Qtr 2015 (+/-)	-3,598
Annual growth in employed persons, Jun Qtr 2015 (%)	-4.7%
Unemployment rate, Jun Qtr 2015 (%)	5.0%

Productivity

$60.02 value added/hr worked (2013/14)

EPI 6: Productivity

Measures the efficiency of production within a region by dividing the total value added/GRP by employee hours worked (i.e. labour productivity)

Productivity

	Productivity level	Productivity level	Annual change ($+/-)	Annual growth (%)
	2013/14	1 yr ago	2012/13-2013/14	2012/13-2013/14
Toowoomba	$60.02	$59.56	+$0.46	0.8%

Toowoomba and Surat Basin	$63.06	$62.04	+$1.02	1.6%
Queensland	$62.19	$61.62	+$0.56	0.9%
Australia	$79.05	$77.58	+$1.47	1.9%

Source: ABS, Lawrence Consulting

Labour Productivity

LGA Performance Ratings

	Level	Rating
Labour Productivity, 2013/14 ($value added/hr worked)	$60.02
Annual productivity growth, 2012/13-2013/14 (%)	0.8%

Economic Diversity

0.897 (2011)

EPI 7: Index of Economic Diversity

Measures economic diversity within a region by determining the degree to which the region�s industry mix differs from that of the nation. When the index value is close to one, the industrial profile of a region mirrors that of the national economy and is considered more diverse

Economic Diversity

	Index value	Index value
	(Australia = 1.000)	(State = 1.000)
Toowoomba	0.844	0.897

Toowoomba and Surat Basin	0.737	0.776
Queensland	0.980	1.000
Australia	1.000	-

Source: ABS

Index of Economic Diversity

LGA Performance Ratings

	Level	Rating
Index of Economic Diversity, 2011 (Australia = 1.000)	0.844

Building Activity

1,338 dwelling approvals (yr to Jun Qtr 2015)

EPI 8: Growth in dwelling approvals

Measured by annual % change in total dwelling approvals

Building Activity

	Dwelling approvals				Value of non-residential approvals
	Level	Annual growth	Trend	Annual growth vs 5yr avg	Level ($'000)	Annual growth	Trend
	yr to Jun Qtr 2015	yr to Jun Qtr 2015			yr to Jun Qtr 2015	yr to Jun Qtr 2015
Toowoomba	1,338	0.5%		Outperform	281,119	56.4%

Toowoomba and Surat Basin	1,528	-19.9%		Outperform	375,838	43.5%
Queensland	43,131	15.5%		Underperform	5,453,519	-12.3%
Australia	213,616	14.0%		Underperform	28,854,201	-17.3%

Source: ABS

Dwelling Approvals

LGA Performance Ratings

	Level	Rating
Dwelling approvals, yr to Jun Qtr 2015 (no.)	1,338
Annual growth in dwelling approvals, yr to Jun Qtr 2015 (%)	0.5%
Value of non-residential approvals, yr to Jun Qtr 2015 ($�000)	281,119
Annual growth in non-residential approvals, yr to Jun Qtr 2015 (%)	56.4%

Business Numbers

14,639 businesses (June 2014)

EPI 9: Average business turnover

Measured by the average turnover of entities whose registered place of business for GST is within the region

Local Business Turnover

	Business count	Annual growth	Estimated local business turnover ($M)	Annual growth	Average business turnover ($'000)
	June 2014	yr to June 2014	2013/14	2012/13-2013/14	2013/14
Toowoomba	14,639	2.1%	6,048.4	5.3%	413.2

Toowoomba and Surat Basin	22,117	2.4%	9,366.9	5.0%	423.5
Queensland	409,936	0.8%	168,280.3	1.8%	410.5
Australia	2,070,189	1.2%	847,339.9	2.2%	409.3

Source: ABS, Lawrence Consulting

Average Business Turnover

LGA Performance Ratings

	Level	Rating
Local businesses, June 2014 (no.)	14,639
Annual growth, yr to June 2014 (%)	2.1%
Average business turnover, 2013/14 ($)	$413,175

Income

$23,440 per capita (2010/11)

EPI 10: Per capita income

Measured by total income based on ATO returns divided by estimated resident population

Personal Income

	Per capita income					Average wage
	Level	Annual growth	Trend	Average annual growth	Annual growth vs 5yr avg	Level	Annual growth
	2010/11	2009/10-2010/11		2005/06-2010/11		2010/11	2009/10-2010/11
Toowoomba	$23,440	6.0%		4.5%	Average	45,094	4.8%

Toowoomba and Surat Basin	$23,516	8.3%		4.7%	Outperform	45,027	5.1%
Queensland	$27,090	7.1%		5.0%	Average	49,865	6.0%
Australia	$28,957	8.5%		5.0%	Strong	51,923	6.2%

Source: ABS, Lawrence Consulting

Per capita income

LGA Performance Ratings

	Level	Rating
Per capita income, 2010/11 ($)	$23,440
Annual growth, 2009/10-2010/11 (%)	6.0%
Average annual growth, last 5 years (%)	4.5%
Average wage, 2010/11 ($)	$45,094

Click on arrow to expand. Hover over data points in interactive graphs for actual values.

Toowoomba
	Period	Level	Rating
EPI 1: Population growth	2014	1.1%
EPI 2: Economic growth	2013/14	0.6%
EPI 3: GRP per capita	2013/14	$57,601
EPI 4: Employment growth	yr to Jun Qtr 2015	-4.7%
EPI 5: Unemployment rate	Jun Qtr 2015	5.0%
EPI 6: Productivity level	2013/14	$60.02
EPI 7: Index of Economic Diversity	2011	0.844
EPI 8: Growth in dwelling approvals	yr to Jun Qtr 2015	0.5%
EPI 9: Average business turnover	2013/14	$413,175
EPI 10: Per capita income	2010/11	$23,440

Average performance rating

For summary information on the Toowoomba and Surat Basin region and other local districts, click here