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A summary of the information held in the Toowoomba Region Economic Profile 2021 is included below.
Over its rich history, the Toowoomba Region has transformed its agricultural base into a diverse and strong economy, offering a range of business, investment and employment opportunities. The Toowoomba Region generated $11.6 billion in Gross Regional Product (GRP) in 2019/20 and supported an estimated 82,413 jobs. This represented around 3.1% of the Queensland economy, making it the third-largest regional city economy in Queensland.
1Excludes Brisbane, Gold Coast, Sunshine Coast, Moreton Bay, Logan, Redland and Ipswich.
Toowoomba Region’s economic role as a regional capital city, agricultural hub, knowledge and research centre, and freight and logistics hub, provides enormous strengths and competitive advantages. This role will be pivotal in the Toowoomba Region positioning itself to catch the next wave of economic, employment and investment opportunities. The coronavirus pandemic is also likely to impact the future demographic and economic environment across Australia with Toowoomba well placed to benefit from some of these shifts.
Coronavirus disclaimer: The profile data and commentary is based on pre-coronavirus conditions. The 2021 Economic Profile publication, with fullyinformed commentary and data updates will reflect the coronavirus economic impact on the Toowoomba Region.