Ipswich in Spring - 2025

IPSWICH ECONOMY BOOMS AS IT BURSTS THROUGH $15 BILLION MARK

The Ipswich economy continues to go from strength to strength.

That target has been smashed already with 95,532 jobs recorded in 2024. The city has experienced a $2.4 billion increase in GRP over the past three years. That is fantastic news for a region which has faced some tough economic challenges in recent times. GRP is a valuable indicator of an area’s level of investment attraction and sustained growth. It is the amount of region’s wealth which is generated by businesses, organisations and individuals working in the area.

The Ipswich economy is defying state, national and international trends with more jobs than ever before and a booming financial bottom line. The city’s Gross Regional Product (GRP) – which measures the total value of goods and services produced in the region – has broken through the $15 billion mark for the first time in history, according to latest economic data. The Ipswich economy is growing at a faster rate than Queensland’s and Australia’s, putting the city in a strong position for years ahead. Economically, Ipswich continues to punch well above its weight.

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In council’s Economic Development Strategy 2023–2027 a target of 95,040 jobs by 2027 was set.