GRP
$2.42b and climbing
Queanbeyan-Palerang has a Gross Regional Product of $2.42b, drawn from a diverse base of industries and showing long-term growth.
Local Businesses
Sustained growth
4,593 local businesses are registered in Queanbeyan-Palerang, with a concentration in the construction, agriculture, and professional, scientific and technical services industries; the nu. . .
Unemployment
Secure labour market
An unemployment rate of just 4% places Queanbeyan-Palerang over 2.5 percentage points lower than the regional NSW average and reflective of an educated, productive and reliable workforce.
Building Approvals
$193m 2017-18
The value of residential and commercial building approvals in Queanbeyan-Palerang over 2017-18 was $193m, reflecting the confidence in the local economy.
Exports
$805m in 2017-18
Queanbeyan-Palerang's sales of goods and services over FY 17/18 exceeded $805m with the largest exporting sectors being manufacturing and public administration, valued at $221m and $218m . . .
Engine Industries driving our region
In response to regional economies narrowing and deepening across the globe, the NSW Government has identified 'engine industries' which employ a higher proportion of people compared to other regions. These engine industries reflect an area’s competitive advantages and endowments.
Queanbeyan-Palerang shows strength across all of the Regional NSW engine industries, providing us with the means to become national and regional leaders in areas including defence, advanced manufacturing, renewable energy, health and recreational care, freight and logistics and agribusiness and forestry. The area brings a range of highly-specialised industries to NSW’s regional portfolio, and our business environment provides the foundation for the success of new businesses in these areas.