The resource sector contributed 27% of Toowoomba’s total GRP for 2013-2014, a 5% increase on last year. AAP
FIGURES released by the Queensland Resources Council show a significant increase in the total economic contribution by the resource sector in Toowoomba since last year.
Released on Friday at the QRC State of the Sector luncheon in Brisbane, the figures show that for the 2013-2014 year, the resource sector contributed $2.5 billion to Toowoomba's gross regional product and injected $1.2 billion, by way of direct spend, into Toowoomba's economy.
Based on these figures, the resource sector contributed 27% of Toowoomba's total GRP for 2013-2014, a 5% increase on last year.
The results also revealed a significant win for the industry as a whole in the Darling Downs, with the sector now contributing 25% of the regions total GRP, up from 7% in 2010-2011.
In addition, at least one in five jobs across the Darling Downs are now also indirectly related to the resource sector.
Toowoomba and Surat Basin Enterprise's chief executive officer Shane Charles said these statistics highlighted the continued success of the region's thriving energy sector.
"These figures showcase the vitality of the resource sector in Toowoomba and the value it holds as a key economic driver for local business," Mr Charles said.
"It also reinforces that opportunities in the resource sector are not going anywhere and are actually going from strength to strength."
"This sector has proved to be an important part of the economy and we must strive to ensure all industries can exist and prosper."
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