The Sunshine Coast is one of Australia’s most desirable locations to live and visit. It is renowned for its exceptional physical environment and vibrant community. The regional economy has almost doubled in size in the past decade and its population of 316,858 in 2011 is forecast to increase to more than 475,000 in the next 20 years (AEC Group, January 2013).
The Sunshine Coast economy is estimated to have recorded a Gross Regional Product (GRP) of $13.8 billion in the 2010-11 financial year. Over a ten year period between 2000-01 and 2010-11 the regional economy grew by an average of 5.1% per annum, making it overall the highest growing economy in Queensland over that ten year period.
The Sunshine Coast’s economy has doubled in size in the last decade, with a Gross Regional Product of $13.8 billion. The Sunshine Coast economy is home to
over 35,000 registered businesses across a range of industry sectors (AEC Group January 2013).
The Sunshine Coast has a well established foundation in the tourism, retail and construction sectors. With a strong focus on further diversifying the region’s economy, the Sunshine Coast has experienced business growth in recent years in financial and insurance services; professional, scientific and technical services; health care and social assistance; and education and training – with these sectors collectively comprising nearly 25% of all businesses in the region.
Growth in the Sunshine Coast is set to continue, making the region one of the most dynamic and innovative investment prospects in Australia. With a population
of 316,858 people (2011 Census) and projected to increase to over 475,000 people in the next two decades (AEC Group January 2013), the Sunshine Coast has an
growing local workforce to meet the needs of new business and industry.
Planning for growth and new business investment has not been overlooked. The Sunshine Coast Council has delivered critical planning certainty for the core economic heart of the region. The Sunshine Coast Enterprise Corridor – stretching from Noosa to Caloundra South – is the most important commercial and industry investment zone in the region and will accommodate much of the region’s population growth and the majority of new businesses over the next twenty years.
Source: ABS 2011 Census; Queensland Regional Profiles, AEC 2013, Queensland Treasury (2011)
For snapshot of the new 2011 Census data released for the Sunshine Coast, visit Australian Bureau of Statistics website .
During the past 30 years, the Sunshine Coast economy has undergone extraordinary change. The region has experienced significant population growth and urban evelopment, and now represents a large regional economy worth more than $13 billion.
Equipped with the right building blocks and supported by the right actions, the Sunshine Coast can continue to evolve its economy and achieve a competitive place in national and global markets.
The Sunshine Coast is charting a new direction for its economy over the next 20 years – one that is responsive to market demand and one that will deliver greater opportunities for the region and its community.
Council and its partners have developed strategies and projects for long-term sustainable economic growth, which support the region’s enviable and authentic lifestyle and natural assets: