SunshineCoastRegionalReport2ndQtr2004

REGIONAL OVERVIEW
ECONOMIC BASE – SUNSHINE COAST REGION


GROSS REGIONAL PRODUCT
    Gross Regional Product (% of total), 1998-99                                                      The Sunshine Coast Gross Regional Product (GRP) at Factor Cost, as
 Industry                      Sunshine       QLD                                                     estimated by the Office of Economic and Statistical Research (OESR), was
                                    Coast                                                             $4.06 billion in 1998-99. This represented 4.6% of the Gross State Product
                                                                                                      (GSP) at Factor Cost for Queensland in that year. It must be noted that GRP
 Agriculture                                                      3.7%               4.6%             at Factor Cost is GRP less indirect taxes. In 1998-99, total Sunshine Coast
 Mining                                                           0.1%               5.6%             GRP was estimated at $4.59 billion.
 Manufacturing                                                    8.8%              11.4%
 Electricity, gas & water                                         1.7%               2.3%
 Construction                                                    10.0%               6.8%
 Retail & wholesale trade                                        14.3%              12.9%
 Accommodation, cafes &                                           6.1%               2.9%
 restaurants
 Transport, storage &                                               6.7%            10.2%
 communication services
 Finance, insurance, property &                                  16.1%              14.0%             When compared with Queensland, the Sunshine Coast had a relatively larger
 business services                                                                                    concentration of economic activity in the Construction, Retail & Wholesale
 Government administration,                                      15.0%              16.4%
 defence, education, health &
                                                                                                      Trade, Accommodation, Cafes & Restaurants and Ownership of Dwellings
 community services                                                                                   sectors in 1998-99. On the other hand, the region has relatively less activity
 Cultural, recreational, personal                                   4.4%            4.3%              in Manufacturing, and Transport, Storage & Communication Services.
 & other services
 Ownership of dwellings                                          12.9%              8.7%

 Total                                                         100.0% 100.0%

 Note: Gross Regional Product is Gross Regional Product at Factor Cost.
 Source: OESR




               Industry Diversification Indicator (1998-99)
                            From Largest to Smallest Industries
  20%
                                                                                                      In terms of industry diversification, studying the relative contribution to total
  18%
                                     Sunshine Coast   Queensland                                      GRP of the largest to the smallest sector indicates that industry
                                                                                                      diversification on the Sunshine Coast was relatively good in 1998-99 when
  15%
                                                                                                      compared with Queensland. This indicates that the Sunshine Coast regional
  13%
                                                                                                      economy should be generally capable of weathering economic shocks and
  10%                                                                                                 capitalising on growth opportunities.
   8%

   5%

   3%

   0%
           1       2        3    4      5      6      7         8        9     10      11      12

Source: OESR, AECgroup



                    Gross Regional Product (1998-99)
               Brisbane
                                                                                                      In 1998-99, the Sunshine Coast Region was the second smallest economy in
            Gold Coast
                                                                                                      Queensland. With significant population and employment growth since
                 Fitzroy

     Tropical North Qld
                                                                                                      1998-99, this positioning was expected to be higher in 2002-03.
                Northern

     Wide Bay Burnett

  Mackay/Whitsundays

         Darling Downs

        Sunshine Coast

                Outback

                       $-         $10,000     $20,000          $30,000       $40,000        $50,000
                                                          $m

Source: OESR




©0, Sunshine Coast Regional Economy, Second Quarter 2004                                                                                                                      - 12 -