GYMPIE

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

48,681 persons (2015)

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
	2015	1 year ago	2014-15	2014-15	2010-15
Gympie	48,681	48,455	+226	0.5%	1.0%	Weak

Wide Bay-Burnett	289,196	288,130	+1,066	0.4%	0.8%	Weak
Queensland	4,778,854	4,719,925	+58,929	1.2%	1.6%	Weak
Australia	23,777,777	23,460,694	+317,083	1.4%	1.5%	Weak

Source: ABS

Population

LGA Performance Ratings

	Level	Rating
Population change, 2014-15 (+/-)	+226
Population growth, 2014-15 (%)	0.5%
Average annual population growth, 2010-15 (%)	1.0%

Gross Regional Product

$2.0 billion (2014/15)

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
	2014/15	2013/14-2014/15	last 5yrs		2014/15	2013/14-2014/15
Gympie	1,978.6	-6.6%	0.1%	Weak	41,145	-10.2%

Wide Bay-Burnett	12,146.9	-7.4%	-0.7%	Weak	41,684	-10.1%
Queensland	296,235.0	2.2%	2.7%	Underperform	63,584	-1.0%
Australia	1,583,557.0	1.6%	2.5%	Weak	68,978	0.7%

Source: ABS, DEEWR, Lawrence Consulting

GRP per capita

LGA Performance Ratings

	Level	Rating
Annual GRP growth, 2013/14-2014/15 (%)	-6.6%
Average annual GRP growth, last 5 years (%)	0.1%
GRP per capita, 2014/15 ($)	$41,145
Annual GRP per capita growth, 2013/14-2014/15 (%)	-10.2%

Labour Market

19,219 employed persons (Mar Qtr 2016)

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
	Mar Qtr 2016	yr to Mar Qtr 2016	Mar Qtr 2016	Mar Qtr 2016
Gympie	19,219	+1,611	9.1%	8.5%	Underperform

Wide Bay-Burnett	111,346	+9,720	9.6%	8.9%	Underperform
Queensland	2,356,413	+31,359	1.3%	6.2%	Underperform
Australia	11,809,846	+232,662	2.0%	6.0%	Underperform

Source: DEEWR, Lawrence Consulting

Unemployment Rate

LGA Performance Ratings

	Level	Rating
Annual change in employed persons, yr to Mar Qtr 2016 (+/-)	+1,611
Annual growth in employed persons, Mar Qtr 2016 (%)	9.1%
Unemployment rate, Mar Qtr 2016 (%)	8.5%

Productivity

$62.36 value added/hr worked (2014/15)

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 (%)
	2014/15	1 yr ago	2013/14-2014/15	2013/14-2014/15
Gympie	$62.36	$63.98	-$1.62	-2.5%

Wide Bay-Burnett	$59.23	$61.10	-$1.88	-3.1%
Queensland	$62.92	$63.02	-$0.10	-0.2%
Australia	$81.55	$80.45	+$1.10	1.4%

Source: ABS, Lawrence Consulting

Labour Productivity

LGA Performance Ratings

	Level	Rating
Labour Productivity, 2014/15 ($value added/hr worked)	$62.36
Annual productivity growth, 2013/14-2014/15 (%)	-2.5%

Economic Diversity

0.592 (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)
Gympie	0.592	0.599

Wide Bay-Burnett	0.736	0.764
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)	0.592

Building Activity

318 dwelling approvals (yr to Mar Qtr 2016)

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 Mar Qtr 2016	yr to Mar Qtr 2016			yr to Mar Qtr 2016	yr to Mar Qtr 2016
Gympie	318	27.7%		Weak	58,386	214.9%

Wide Bay-Burnett	1,541	7.6%		Average	194,526	0.2%
Queensland	46,306	11.9%		Average	6,284,207	21.9%
Australia	219,315	6.1%		Average	29,733,685	-0.8%

Source: ABS

Dwelling Approvals

LGA Performance Ratings

	Level	Rating
Dwelling approvals, yr to Mar Qtr 2016 (no.)	318
Annual growth in dwelling approvals, yr to Mar Qtr 2016 (%)	27.7%
Value of non-residential approvals, yr to Mar Qtr 2016 ($�000)	58,386
Annual growth in non-residential approvals, yr to Mar Qtr 2016 (%)	214.9%

Business Numbers

4,272 businesses (June 2015)

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 2015	yr to June 2015	2014/15	2013/14-2014/15	2014/15
Gympie	4,272	-1.2%	1,483.7	2.5%	347.3

Wide Bay-Burnett	21,348	-1.0%	7,970.2	1.1%	373.3
Queensland	410,847	0.2%	172,520.8	2.3%	419.9
Australia	2,095,698	1.2%	884,887.4	4.2%	422.2

Source: ABS, Lawrence Consulting

Average Business Turnover

LGA Performance Ratings

	Level	Rating
Local businesses, June 2015 (no.)	4,272
Annual growth, yr to June 2015 (%)	-1.2%
Average business turnover, 2014/15 ($)	$347,296

Income

$19,859 per capita (2012/13)

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
	2012/13	2011/12-2012/13		2007/08-2012/13		2012/13	2011/12-2012/13
Gympie	$19,859	7.1%		4.1%	Outperform	48,099	9.3%

Wide Bay-Burnett	$20,463	6.2%		4.1%	Strong	49,396	9.4%
Queensland	$30,596	6.3%		4.1%	Average	57,781	7.6%
Australia	$31,968	5.1%		4.1%	Average	58,893	6.5%

Source: ABS, Lawrence Consulting

Per capita income

LGA Performance Ratings

	Level	Rating
Per capita income, 2012/13 ($)	$19,859
Annual growth, 2011/12-2012/13 (%)	7.1%
Average annual growth, last 5 years (%)	4.1%
Average wage, 2012/13 ($)	$48,099

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

Gympie
	Period	Level	Rating
EPI 1: Population growth	2015	0.5%
EPI 2: Economic growth	2014/15	-6.6%
EPI 3: GRP per capita	2014/15	$41,145
EPI 4: Employment growth	yr to Mar Qtr 2016	9.1%
EPI 5: Unemployment rate	Mar Qtr 2016	8.5%
EPI 6: Productivity level	2014/15	$62.36
EPI 7: Index of Economic Diversity	2011	0.592
EPI 8: Growth in dwelling approvals	yr to Mar Qtr 2016	27.7%
EPI 9: Average business turnover	2014/15	$347,296
EPI 10: Per capita income	2012/13	$19,859

Average performance rating

For more detailed information, please refer to Gympie Regional Council's economic publication Economic Brief here

For summary information on the Wide Bay-Burnett region and other local government areas (LGAs), click here