New GRP figures highlight Toowoomba Region’s strong growth; pass $11 billion for first time

The Toowoomba Region recorded a 3.0% boost to its regional economy, which saw the Gross Regional Product (GRP) break the $11 billion mark for the first time in the year ended June 30, 2019, according to new data.

Toowoomba Region Mayor Paul Antonio today welcomed the latest figures based on industry and government data.

Mayor Antonio, who chairs Toowoomba Regional Council’s Economic Development committee, said the region’s diverse economy had pushed the region’s GRP to $11.56 billion* (for the year to June 30, 2019), up $340 million on the previous year. (*Based on an inflation adjustment.)

He said the region first passed the $10 billion GRP mark two years ago.

/Public Release. View in full here.