2015-12-14 General Committee Agenda Attachment 1 to Item 3 Noosa Shire Economic Plan

Gross Regional Product
Noosa Shire produced just under $2.6 billion in          health care, retail and construction being the fastest
gross regional product (GRP) in 2013-14, this was an     growing sectors.
increase of 5.6% on the previous year, compared to
1.8% and 2.3% increases for SEQ Region and the           Electricity, gas, water and waste services generated
State respectively. The Noosa economy experienced        the highest GRP per employee at $429,461 per
stronger growth than the SEQ Region and Queensland       employee, followed by financial and insurance
as a whole, on average over the last 5 years. Noosa’s    services at $291,199 per employee, and rental, hiring
GRP averaged 2.5% per annum growth over the last         and real estate services ($151,638 per employee).
five years compared to 2.2% for SEQ Region and
                                                         Conversely the major Noosa Shire industries of
2.1% for Queensland as a whole.
                                                         retail trade and accommodation and food services
Industry sector contribution to the economy in terms     generate lower GRP per employee $54,806 and
of industry value add to gross regional product, again   $42,788 per employee respectively.
clearly reflects the structure of the economy with the


                 Noosa Shire Historical GRP and Growth Rate - Source: AEC (unpublished)




                    Noosa Shire IVA Breakdown (2013-14) - Source: AEC (unpublished)