{"id":224777,"date":"2018-12-05T18:41:06","date_gmt":"2018-12-05T08:41:06","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=224777"},"modified":"2018-12-07T14:50:37","modified_gmt":"2018-12-07T04:50:37","slug":"toowoomba-economy-hits-10-8b","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2018\/12\/05\/toowoomba-economy-hits-10-8b\/","title":{"rendered":"Toowoomba Economy Hits $10.8b"},"content":{"rendered":"
\"Paul
Toowoomba Mayor Paul Antonio<\/figcaption><\/figure>\n

December 5, 2018<\/strong><\/p>\n

After breaking the $10 billion mark for the first time last year, the Toowoomba Region\u2019s economy grew to $10.81 billion as of June 30, 2018.<\/p>\n

The jump of almost half a billion dollars ($465 million) over the previous 12 months was welcomed by Mayor Paul Antonio.<\/p>\n

“The latest figures are extremely encouraging and demonstrate how the Toowoomba Region continues to raise a high bar, not just throughout Queensland, but also nationally,” he said.<\/p>\n

“The latest yearly figures equate to regional economic growth of 4.5 per cent.<\/p>\n

“This far exceeds national and State economic growth of 2.2 per cent, and 2.4 per cent growth across regional Queensland.<\/p>\n

“The most pleasing aspect is that this is consistent growth we are experiencing, not just a one-off.<\/p>\n

“The average growth has been more than 3.6 per cent each year for the past decade.”<\/strong><\/p>\n

Mayor Antonio said this consistent growth had given developers faith to undertake projects in the region such as the redevelopment of Grand Central Shopping Centre and Wellcamp Airport.<\/p>\n

“On top of this, we have been able to secure funding to undertake major infrastructure projects including the Toowoomba Second Range Crossing and the Inland Rail,” the Mayor said.<\/p>\n

“Local jobs increased from 80,730 to 85,343 (up 5.72 per cent), exceeding the State percentage increase for the fourth consecutive year.<\/p>\n

“The Health Care and Social Assistance sector remains the backbone of our region as Toowoomba’s largest employer, generating more than $1 billion of value add last financial year, an increase of $90 million.<\/p>\n

“Mining contributes more than $940 million to the local economy, up 36.5 per cent on last year and is the region\u2019s largest export industry overall.<\/p>\n

“Manufacturing contributes $476 million to the regional economy and is our largest international export earner, making up 35 per cent of all the region’s international exports.”<\/p>\n","protected":false},"excerpt":{"rendered":"

After breaking the $10 billion mark for the first time last year, the Toowoomba Region\u2019s economy grew to $10.81 billion as of June 30, 2018.<\/p>\n","protected":false},"author":3,"featured_media":35621,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,22,3],"tags":[1131],"yoast_head":"\nToowoomba Economy Hits $10.8b - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"After breaking the $10 billion mark for the first time last year, the Toowoomba Region\u2019s economy grew to $10.81 billion as of June 30, 2018.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2018\/12\/05\/toowoomba-economy-hits-10-8b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Toowoomba Economy Hits $10.8b - 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