Gross domestic product ( GDP ) is a monetary measure of the market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic health of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund .
92-523: John Brewer Reef is located 70 km (43 mi) offshore from Townsville , Queensland , Australia, and measures 6.1 km × 2.8 km (3.8 mi × 1.7 mi). The origin of the reef's name is from the troop ships John Brewer , Kelso and Arab which sailed from Sydney for India on 16 June 1842. On board were 26 officers and 700 men of the 28th (North Gloucestershire) Regiment of Foot (The Slashers). On 30 June 1842, all ships grounded on reefs north-east of Palm Island . The reef where
184-489: A Royal Australian Air Force (RAAF) base that can accommodate most military aircraft in service. Townsville is the industrial heart of northern Australia with a GRP of $ 15.1 billion in 2023. The city is served by Townsville Airport and the Port of Townsville , the largest general freight and container port in northern Australia. Popular attractions include " The Strand ", a long tropical beach and garden strip; Riverway ,
276-559: A category 4 cyclone, battered the city and Magnetic Island, causing considerable damage. In 1973, Indigenous activists Eddie and Bonita Mabo established the Black Community School in Townsville, where children could learn their Indigenous culture rather than white culture. Eddie Mabo worked as a gardener at James Cook University in the 1970s and 1980s. It was at the university in 1974 that he first learned of
368-441: A tropical savanna climate ( Köppen climate classification Aw ). Owing to a quirk of geographical location, Townsville's winter rainfall in particular is not as high as elsewhere in the eastern coastal tropics of Queensland, such as Cairns . The winter months are dominated by southeast trade winds and mostly fine weather. Further north the coastline runs north–south and the trade winds are lifted to produce rainfall right through
460-509: A base year. The result would be that the GDP in 2000 equals $ 300 million × 1 ⁄ 2 = $ 150 million , in 1990 monetary terms. We would see that the country's GDP had realistically increased 50 percent over that period, not 200 percent, as it might appear from the raw GDP data. The GDP adjusted for changes in money value in this way is called the real GDP . The factor used to convert GDP from current to constant values in this way
552-647: A city, governed by the Thuringowa City Council . The cities of Townsville and Thuringowa were amalgamated into the "new" Townsville City Council in March 2008, as part of the Queensland state government's reform program. In 1896, Japan established its first Australian consulate in Townsville, primarily to serve some 4,000 Japanese workers who migrated to work in the sugar cane, turtle, trochus , beche de mer , and pearling industries. With
644-536: A claim struck out by the Federal Court of Australia in 2005. James Cook visited the Townsville region on his first voyage to Australia in 1770, but did not land there. Cook named nearby Cape Cleveland, Cleveland Bay and Magnetic(al) Island . In 1819, Captain Phillip Parker King and botanist Alan Cunningham were the first Europeans to record a local landing. In 1846, James Morrill
736-518: A country becomes increasingly in debt, and spends large amounts of income servicing this debt this will be reflected in a decreased GNI but not a decreased GDP. Similarly, if a country sells off its resources to entities outside their country this will also be reflected over time in decreased GNI, but not decreased GDP. This would make the use of GDP more attractive for politicians in countries with increasing national debt and decreasing assets. Gross national income (GNI) equals GDP plus income receipts from
828-521: A country's borders, but by an enterprise owned by somebody outside the country, counts as part of its GDP but not its GNI; on the other hand, production by an enterprise located outside the country, but owned by one of its citizens, counts as part of its GNI but not its GDP. For example, the GNI of the US is the value of output produced by American-owned firms, regardless of where the firms are located. Similarly, if
920-406: A country's production has increased (or decreased, if the growth rate is negative) compared to the previous year, typically expressed as percentage change . The economic growth can be expressed as real GDP growth rate or real GDP per capita growth rate . GDP can be adjusted for population growth, also called Per-capita GDP or GDP per person . This measures the average production of a person in
1012-674: A detachment of 8 troopers of the Native Police under the command of John Marlow to search for a suitable site. Ball's party reached the Ross Creek in April 1864 and established a camp below the rocky spur of Melton Hill , near the present Customs House on The Strand . Edward Kennedy, a Native Police officer accompanying the group, recalled how his "boys" (the Aboriginal troopers) chased four or five local tribesmen into
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#17327906415641104-759: A major staging point for battles in the South West Pacific . A large United States Armed Forces contingent supported the war effort from seven airfields and other bases around the city and in the region. Many buildings, schools and 177 private houses were commandeered for use by the military. Slit trenches were dug in many places, and 18 concrete air-raid shelters were built, six of them in Flinders Street. The first bombing raid on Rabaul , in Papua New Guinea, on 23 February 1942 was carried out by six B-17s based near Townsville. Some of
1196-532: A measure of welfare (see below under limitations and criticisms ). After the Bretton Woods Conference in 1944, GDP became the main tool for measuring a country's economy. At that time gross national product (GNP) was the preferred estimate, which differed from GDP in that it measured production by a country's citizens at home and abroad rather than its "resident institutional units" (see OECD definition above). The switch from GNP to GDP in
1288-648: A mere 217.9 millimetres (8.58 in) between December 1901 and November 1902 at the peak of the Federation Drought , to as much as 2,956.2 millimetres (116.39 in) between March 1990 and February 1991. On average, the driest year in ten can expect only half the mean rainfall, compared to around 64 percent in Brisbane, 68 percent in Sydney, and 72 percent in Darwin. Rainfall also varies considerably within
1380-511: A popular place for exercise; The Townsville Sports Reserve; and Magnetic Island , a large neighbouring island, the vast majority of which is national park . Aboriginal peoples such as the Wulgurukaba , Bindal , Girrugubba , Warakamai and Nawagi originally inhabited the Townsville area. The Wulgurukaba claim to be the traditional owners of the Townsville city area; the Bindal had
1472-520: A riverfront parkland attraction located on the banks of Ross River ; Reef HQ , a large tropical aquarium holding many of the Great Barrier Reef's native flora and fauna; the Museum of Tropical Queensland , built around a display of relics from the sunken British warship HMS Pandora ; Castle Hill or as it was originally known Cootharinga, the most prominent landmark of the area and
1564-626: A satellite city to the south of Townsville developed by national developer Lendlease Group , is expected to be home to 26,000 people by 2057. Additionally, the Queensland Government announced it will be offering 270 hectares (670 acres) of state-owned land (the former abattoir reserve), just south of the Bohle River , for urban expansion. Townsville lies approximately 1,350 kilometres (840 mi) north of Brisbane , and 350 kilometres (220 mi) south of Cairns . It lies on
1656-474: A speech to the audience where he explained the land inheritance system on Murray Island . The significance of this in terms of Australian common law doctrine was taken note of by one of the attendees, a lawyer, who suggested there should be a test case to claim land rights through the court system. Mabo decided to take on the Australian Government . Perth -based solicitor Greg McIntyre was at
1748-467: Is US$ 5,040,107.75 (in a million). Predictably, as a developed country, Japan has a higher GNI (by 182,779.46, in millions of USD), which is indicative that the production level in the country is higher than that of national production. On the other hand, the case with Armenia is the opposite, with GDP being lower than GNI by US$ 196.12 (in million). This demonstrates that countries receive investments and foreign aid from abroad. The Total income divided by
1840-568: Is a city on the north-eastern coast of Queensland , Australia. With a population of 179,011 as of the 2021 census , it is the largest settlement in North Queensland and Northern Australia (specifically, the parts of Australia north of the Sunshine Coast ). It is unofficially considered the capital of North Queensland. Townsville hosts a significant number of governmental, community and major business administrative offices for
1932-532: Is a national hub for renewable energy , in green hydrogen and polysilicon , as well as the centre of CopperString 2032 being Australia's largest renewable transmission project. Townsville is Australia's 'fortress city', home to a large part of the strategic capability of the ADF , offering essential services including maintenance and supply chains including one of the largest military bases in Australia as well as
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#17327906415642024-425: Is also sometimes expressed as: The third way to estimate GDP is to calculate the sum of the final uses of goods and services (all uses except intermediate consumption) measured in purchasers' prices. Market goods that are produced are purchased by someone. In the case where a good is produced and unsold, the standard accounting convention is that the producer has bought the good from themselves. Therefore, measuring
2116-581: Is based in Mount Isa about 900 kilometres (560 mi) west of Townsville. Gross domestic product The ratio of GDP to the total population of the region is the GDP per capita and can approximate a concept of a standard of living . Nominal GDP does not reflect differences in the cost of living and the inflation rates of the countries; therefore, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between nations, while nominal GDP
2208-838: Is calculated this way it is sometimes called gross domestic income (GDI), or GDP (I). GDI should provide the same amount as the expenditure method described later. By definition, GDI is equal to GDP. In practice, however, measurement errors will make the two figures slightly off when reported by national statistical agencies. This method measures GDP by adding incomes that firms pay households for factors of production they hire – wages for labour, interest for capital, rent for land and profits for entrepreneurship. The US "National Income and Product Accounts" divide incomes into five categories: These five income components sum to net domestic income at factor cost. Two adjustments must be made to get GDP: Total income can be subdivided according to various schemes, leading to various formulae for GDP measured by
2300-474: Is called the GDP deflator . Unlike consumer price index , which measures inflation or deflation in the price of household consumer goods, the GDP deflator measures changes in the prices of all domestically produced goods and services in an economy including investment goods and government services, as well as household consumption goods. Real GDP can be used to calculate the GDP growth rate, which indicates how much
2392-473: Is contributed at each stage of production. This approach mirrors the OECD (Organisation for Economic Co-operation and Development) definition given above. Gross value added = gross value of output – value of intermediate consumption. Value of output = value of the total sales of goods and services plus the value of changes in the inventory. The sum of the gross value added in the various economic activities
2484-404: Is known as "GDP at factor cost". GDP at factor cost plus indirect taxes less subsidies on products = "GDP at producer price". For measuring the output of domestic product, economic activities (i.e. industries) are classified into various sectors. After classifying economic activities, the output of each sector is calculated by any of the following two methods: The value of output of all sectors
2576-423: Is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress . It is often considered to be the world's most powerful statistical indicator of national development and progress. However, critics of
2668-617: Is susceptible to tropical cyclones . They usually occur between December and April, forming mainly out in the Coral Sea, and usually tracking west to the coast. Notable cyclones to affect the Townsville Region have been: Cyclone Kirrily (2024), Cyclone Yasi (2011), Cyclone Tessi (2000), Cyclone Sid (1998, in particular damaging The Strand and causing major flooding ), Cyclone Joy (1990), Cyclone Althea (1971), Cyclone Leonta (1903), and Cyclone Sigma (1896). The city
2760-587: Is that GDP defines its scope according to location, while GNI defines its scope according to ownership. In a global context, world GDP and world GNI are, therefore, equivalent terms. GDP is a product produced within a country's borders; GNI is product produced by enterprises owned by a country's citizens. The two would be the same if all of the productive enterprises in a country were owned by its own citizens and those citizens did not own productive enterprises in any other countries. In practice, however, foreign ownership makes GDP and GNI non-identical. Production within
2852-461: Is the warmest month of the year with daily mean maximum and minimum temperatures being 31.5 °C (88.7 °F) and 24.1 °C (75.4 °F) respectively. July is the coolest month with daily mean maximum and minimum temperatures being 25.1 °C (77.2 °F) and 13.7 °C (56.7 °F). Townsville experiences an annual mean of 8.5 hours of sunshine per day, averaging 120.8 clear days per year. Like most of Northern Australia, Townsville
John Brewer Reef - Misplaced Pages Continue
2944-588: Is the world's largest underwater art structure. John Brewer Reef is within the Great Barrier Reef Marine Park . In March 2022 reef-wide cover of hard corals was 21.8 %, with some concerns from mass coral bleaching . Citizen scientists have reported over 240 species of fish and invertebrates, with the most notable being the whitetip reef shark . 18°37′44″S 147°03′11″E / 18.629°S 147.053°E / -18.629; 147.053 Townsville Townsville
3036-453: Is then added to get the gross value of output at factor cost. Subtracting each sector's intermediate consumption from gross output value gives the GVA (=GDP) at factor cost. Adding indirect tax minus subsidies to GVA (GDP) at factor cost gives the "GVA (GDP) at producer prices". The second way of estimating GDP is to use "the sum of primary incomes distributed by resident producer units". If GDP
3128-554: The 2022 Australian federal election . Some of the suburbs on the southern fringe of the urban area are part of the Division of Dawson and are represented by Andrew Willcox , representing the Liberal National Party . Some of the northern suburbs of Townsville, known collectively as the "Northern Beaches", are included in the Division of Kennedy which is represented by Bob Katter ( Katter's Australian Party ), who
3220-685: The Garbutt airfield . On 29 July 1942, a single "Emily" Flying Boat dropped one bomb at the Experimental Station of Oonoonba and seven bombs landed in Cleveland Bay where bomb craters are still clearly visible. There were no deaths and structural damage was minimal, as the Japanese missed their intended targets of the railway, the harbour and the airfield and destroyed a palm tree at the Experimental Station of Oonoonba. Although
3312-579: The Government of Queensland prior to the March 2008 elections, the previous entities of NQ Water, The City of Townsville and the City of Thuringowa were amalgamated. In the 2024 Townsville City Council election , Troy Thompson (Independent), was sworn in as Mayor of Townsville. The previous Mayor of Townsville was Jenny Hill , a member of the Labor Party . Hill was elected in April 2012, replacing
3404-542: The James Cook University , Townsville campus. In the presence of many dignitaries, HRH Queen Elizabeth II formally granted autonomy to North Queensland’s new educational institution. In 2020, James Cook University celebrated its 50th anniversary with a Treasures exhibition, showcasing 50 collection items from Special Collections, Eddie Koiku Mabo Library, James Cook University, Townsville. The rare collection item – ‘James Cook University Development: Pimlico to
3496-606: The John Brewer struck is known as Slashers Reefs after then 28th Regiment's nickname. John Brewer Reef is notable as the site of the world's first floating hotel, now the Hotel Haegumgang , and of The Coral Greenhouse , which is one of the sculptures created by Jason deCaires Taylor for the Museum of Underwater Art (MOUA) and at 12 m × 9 m × 9.3 m (39 ft × 30 ft × 31 ft) and 165 t (162 long tons; 182 short tons)
3588-588: The Loyalty Islands and the New Hebrides . Charges were made against Henry Ross Lewin , the recruiter for Robert Towns, that some of the Islanders had been kidnapped to work on the plantations. In 1867, a magisterial enquiry was set up into the death of an Islander working on one of Towns' plantations. A pharmacist attending was of the opinion the death was caused by a lack of proper nourishment,
3680-738: The New South Wales Rugby League announced that a team from Townsville would be admitted to the expanded, nation-wide competition, and the North Queensland Cowboys made their debut in the 1995 ARL season . In October 2000, a Solomon Islands Peace Agreement was negotiated in Townsville. In February 2019, Townsville experienced a major flood event , which caused five deaths. Floodwaters damaged approximately 3300 homes and about 1500 homes were rendered uninhabitable. Inner-city high-density development has also created population growth and gentrification of
3772-617: The Spitfire had seen about eight armed Aboriginal men in canoes approaching them from nearby Magnetic Island in an apparent attempt to board the ship. They were repulsed by a discharge of the brass gun. The Burdekin River 's seasonal flooding made the establishment of a seaport north of the river essential to the nascent inland cattle industry. John Melton Black of Woodstock Station, an employee of Sydney entrepreneur and businessman Robert Towns , dispatched Andrew Ball , Mark Watt Reid and
John Brewer Reef - Misplaced Pages Continue
3864-484: The growth imperative often argue that GDP measures were never intended to measure progress, and leave out key other externalities , such as resource extraction , environmental impact and unpaid domestic work . Alternative economic indicators such as doughnut economics use other measures, such as the Human Development Index or Better Life Index , as better approaches to measuring the effect of
3956-529: The "hit or miss" nature of tropical lows and thunderstorms, and the powerful influence of the El Niño–Southern Oscillation , variation from year to year is almost uniquely large for such a wet climate, being comparable only to a few cities in the Northeast of Brazil (e.g. Fortaleza ). Since records at various urban locations started in 1871 twelve-month rainfalls in Townsville have ranged from
4048-667: The First Chancellor archival footage, 1960 – 1970’ was one of the Treasures selected for the anniversary year. The 12min film preserved on NQHeritage, the University Library’s Special Collections online repository, shows footage of Her Majesty Queen Elizabeth II arriving at the official ceremony and being introduced to the official party. Their Royal Highnesses first appear in the film at 6:06 minutes. On Christmas Eve 1971, Tropical Cyclone Althea ,
4140-485: The Islanders receiving only cornmeal for food. Other evidence was given by employees of the plantation company who claimed the labourers were treated well and a verdict of death by natural causes was declared. Recent research has shown that the many allegations of blackbirding and slave conditions relating to the recruitment and employment of South Sea Islanders in Queensland are baseless, and without foundation in fact or reliable historical evidence. Townsville's population
4232-584: The Japanese aircraft were intercepted on two of the three raids, no Japanese planes were shot down. In 1961 the University of Queensland established a campus at Pimlico , near Pimlico State High School , later developing a site at Douglas near the Army Barracks, and across the new Nathan Street Bridge. The faculties of Arts, Law, and Education, and several residential colleges, Union, St Mark's, and John Flynn relocated from central Townsville. This
4324-549: The Port of Townsville are underway, which involve channel widening and installation of a 70-tonne Liebherr Super Post Panamax Ship-to-Shore crane, to allow much larger cargo and passenger ships to utilise the port. It is an increasingly important port due to its proximity to Asia and major trading partners such as China. Dominant sectors of its diverse economy include defence , administration , health and education , manufacturing , energy , transport and logistics . The city
4416-796: The Townsville Cenotaph was laid in Strand Park on 19 July 1923. It was unveiled on 25 April 1924 ( ANZAC Day ) by the Queensland Governor , Sir Matthew Nathan . The rural land surrounding the city was initially managed by the Thuringowa Road Board, which eventually became the Shire of Thuringowa . The shire ceded land several times to support Townsville's expansion. In 1986 the Shire became incorporated as
4508-496: The Townsville Harbour Board and Mrs Shepherd. The day’s program began with a cavalcade of progress at the Townsville sports reserve. The grounds were filled with crowds and children waving their Australian flag. It was a spectacle for the royal visitors and the local community who came out on the day. Following lunch on board Britannia, the royal family were driven to the site of Queensland’s newest university,
4600-550: The United States occurred in 1991. The role that measurements of GDP played in World War II was crucial to the subsequent political acceptance of GDP values as indicators of national development and progress. A crucial role was played here by the U.S. Department of Commerce under Milton Gilbert where ideas from Kuznets were embedded into institutions . The history of the concept of GDP should be distinguished from
4692-427: The accounting year. ) So for example if a car manufacturer buys auto parts , assembles the car and sells it, only the final car sold is counted towards the GDP. Meanwhile, if a person buys replacement auto parts to install them on their car, those are counted towards the GDP. According to the U.S. Bureau of Economic Analysis, which is responsible for calculating the national accounts in the United States, "In general,
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#17327906415644784-433: The central business district (CBD). One significant contributor to CBD development was the construction of a new rail passenger terminal and re-siting of the railway workshops, releasing prime real estate which formerly belonged to Queensland Rail for the development of residential units, retail projects and a new performing arts centre. The skyline of Townsville's central business district has undergone dramatic changes over
4876-476: The city. Three weirs, fish stocking and dredging of the river in these reaches has resulted in a deep, stable and clean waterway used for many recreational activities such as water skiing, fishing and rowing. Thirty kilometres (19 mi) from the mouth (at the junction of Five Head Creek) is the Ross River Dam , the major water storage for the urban areas. The historic waterfront on Ross Creek , site of
4968-518: The conference and agreed to take the case; he then recruited barristers Ron Castan and Bryan Keon-Cohen. McIntyre represented Mabo during the hearings. The James Cook University Douglas campus library is now named after Mabo. On 3 June 1992, the High Court of Australia ruled in favour of Eddie Mabo in Mabo v Queensland (No 2) recognising native title in Australia for the first time. In 1993,
5060-401: The country. GDP per capita is often used as an indicator of living standards. The major advantage of GDP per capita as an indicator of the standard of living is that it is measured frequently, widely, and consistently. It is measured frequently in that most countries provide information on GDP every quarter, allowing trends to be seen quickly. It is measured widely in that some measure of GDP
5152-549: The economy on human development and well being . William Petty came up with a concept of GDP, to calculate the tax burden , and argue landlords were unfairly taxed during warfare between the Dutch and the English between 1652 and 1674. Charles Davenant developed the method further in 1695. The modern concept of GDP was first developed by Simon Kuznets for a 1934 U.S. Congress report, where he warned against its use as
5244-466: The first years of studies for Medicine and for Veterinary Sciences were offered in Townsville, but the establishment of a new General Hospital at Mount Louisa provided facilities necessary for the establishment of an independent Medical School. In 1970, Queen Elizabeth II , the Duke of Edinburgh and Princess Anne toured Australia including Queensland. The Queensland tour began on Sunday 12 April when
5336-418: The hilltops but decided to descend to their awaiting dinghies as they noticed residents of three Aboriginal camps below were moving in their direction. These people were yelling and dancing "in a very hostile manner" and Dalrymple felt obliged to fire upon them. Dalrymple's group then made an "orderly retreat" to the dinghies halting at intervals to fire upon those throwing spears. The crew which had remained upon
5428-492: The history of changes in many ways of estimating it. The value added by firms is relatively easy to calculate from their accounts, but the value added by the public sector , by financial industries, and by intangible asset creation is more complex. These activities are increasingly important in developed economies, and the international conventions governing their estimation and their inclusion or exclusion in GDP regularly change in an attempt to keep up with industrial advances. In
5520-496: The implications of the terra nullius doctrine which held that he did not legally own the land he believed was his under the traditional land inheritance system of his people. Buchanan's Hotel in Flinders Street, regarded by architectural historians as Australia's most significant building in the Filigree style, was lost to fire in 1982. In 1981 a land rights conference was held at James Cook University and Eddie Mabo made
5612-553: The income approach. A common one is: The sum of COE , GOS and GMI is called total factor income; it is the income of all of the factors of production in society. It measures the value of GDP at factor (basic) prices. The difference between basic prices and final prices (those used in the expenditure calculation) is the total taxes and subsidies that the government has levied or paid on that production. So adding taxes less subsidies on production and imports converts GDP(I) at factor cost to GDP(I) at final prices. Total factor income
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#17327906415645704-443: The information required (especially information on expenditure and production by governments). The raw GDP figure as given by the equations above is called the nominal, historical, or current GDP. When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money—for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by
5796-576: The introduction of the White Australia policy , the demand for Japanese workers decreased, causing the consulate to finally close in 1908. At the beginning of 1942, Townsville had 30,000 inhabitants and between 5,000 and 7,000 of them voluntarily evacuated to other places. During the Second World War , the city was host to more than 50,000, and Townsville Naval Section Base . American and Australian troops and air crew, and it became
5888-472: The killing of a shepherd. After the fighting, the "boys" rounded up around 12 women and each took turns based on their rank in selecting one. "In five minutes, each had chosen their spouse and the ceremony was complete." The next group of colonists, led by W. A. Ross, arrived at Cleveland Bay from Woodstock Station on 5 November of that year. In 1866 Robert Towns visited for three days, his first and only visit. He agreed to provide ongoing financial assistance to
5980-598: The last few years, with a number of new highrise buildings, both commercial and residential, constructed. In the short term, much of the urban expansion will continue to the west and the north, in the former City of Thuringowa. The most significant of these is North Shore Estate, a new A$ 1 billion 5,000-lot housing estate, located close to the Bruce Highway , just north of the Bohle River . Medium-term city expansion will be focused on two major urban developments that have started in 2017 and 2018. Elliot Springs,
6072-405: The metropolitan area; it typically ranges from 1,136 millimetres (44.7 in) at central Townsville City to 853 millimetres (33.6 in) at Woodstock , a southwestern suburb. The wettest 24 hours on record was 11 January 1998, with 548.8 millimetres (21.61 in) falling mostly in a 12-hour period after dark, which has since been dubbed the "Night of Noah" by Townsville residents. December
6164-540: The new settlement and Townsville was named in his honour. Townsville was declared a municipality in February 1866, with John Melton Black elected as its first Mayor. Townsville developed rapidly as the major port and service centre for the Cape River , Gilbert, Ravenswood , Etheridge and Charters Towers goldfields. Regional pastoral and sugar industries also expanded and flourished. The Alligator Creek meatworks
6256-532: The northern half of the state. Part of the larger local government area of the City of Townsville , it is in the dry tropics region of Queensland, adjacent to the central section of the Great Barrier Reef . The city is also a major industrial centre, home to one of the world's largest zinc refineries, a nickel refinery and many other similar activities. As of December 2020, $ 30M operations to expand
6348-437: The ocean. Kennedy then stated that he "left the "boys" in the water, pumping lead and hurling derisive cries at them, neither of which seemed to reach their mark". A member of the expedition who was from a town in the south accidentally shot dead an elderly Aboriginal man. He said that he thought he was being stalked by an alligator. On the return journey to Port Denison, the group "dispersed" another Aboriginal camp in reprisal for
6440-522: The original wharves and port facilities, has some old buildings mixed with the later modern skyline. However, the central city is dominated by the mass of red granite of Castle Hill , 286 metres (938 ft) high. There is a lookout at the summit giving panoramic views of the city and its suburbs, including Cleveland Bay and Magnetic Island . There are a number of parks scattered throughout the city, including three botanical gardens — Anderson Park , Queens Gardens and The Palmetum . Townsville has
6532-543: The population is the Per capita income . The international standard for measuring GDP is contained in the book System of National Accounts (2008), which was prepared by representatives of the International Monetary Fund , European Union , Organisation for Economic Co-operation and Development , United Nations and World Bank . The publication is normally referred to as SNA2008 to distinguish it from
6624-430: The previous edition published in 1993 (SNA93) or 1968 (called SNA68) SNA2008 provides a set of rules and procedures for the measurement of national accounts. The standards are designed to be flexible, to allow for differences in local statistical needs and conditions. Within each country GDP is normally measured by a national government statistical agency, as private sector organizations normally do not have access to
6716-512: The products must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying things. The income approach works on the principle that the incomes of the productive factors ("producers", colloquially) must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes. Also known as the Value Added Approach, it calculates how much value
6808-445: The ratio between the value of money in the year the GDP was measured and the value of money in a base year. For example, suppose a country's GDP in 1990 was $ 100 million and its GDP in 2000 was $ 300 million . Suppose also that inflation had halved the value of its currency over that period. To meaningfully compare its GDP in 2000 to its GDP in 1990, we could multiply the GDP in 2000 by one-half, to make it relative to 1990 as
6900-587: The rest of the world minus income payments to the rest of the world. In 1991, the United States switched from using GNP to using GDP as its primary measure of production. The relationship between United States GDP and GNP is shown in table 1.7.5 of the National Income and Product Accounts . Another example that amplifies the difference between GDP and GNI is the comparison of developed and developing country indicators. The GDP of Japan for 2020
6992-480: The retiring Les Tyrell and defeating main opposing candidate Dale Last . Tyrell was the immediate past Mayor for 17 years of the former local government authority, the City of Thuringowa . The previous Mayor of Townsville for 19 years was Tony Mooney ( Australian Labor Party ). Hill faced a largely hostile chamber in her first term, with 'Townsville First' candidates winning the majority of divisions. When local government elections were held in March 2016, Jenny Hill
7084-502: The royal yacht Britannia entered Moreton Bay at Caloundra, sailing into Newstead Wharf. After visiting Brisbane, Longreach and Mount Isa the Royal Family travelled to Mackay. The royal party had a leisurely cruise to Townsville, taking four days to arrive after their departure from Mackay. On the morning of April 20, they were met by The Deputy Mayor of Townsville Mr. T. Aikens, M.L.A. and Mrs Aikens and Mr W.W. Shepherd, Chairman of
7176-408: The same result. They are the production (or output or value added) approach, the income approach, and the speculated expenditure approach. It is representative of the total output and income within an economy. The most direct of the three is the production approach, which sums up the outputs of every class of enterprise to arrive at the total. The expenditure approach works on the principle that all of
7268-578: The shore near to where the modern city of Townsville now stands and met with a number of Aboriginal people, giving them biscuit and tobacco. The Aboriginal people started to touch and feel all the expedition members, and began "smacking their lips", which Dalrymple interpreted as an indication that they wanted to eat them. Another group of Aboriginal people came down, attacking them with a shower of stones and spears. Dalrymple and his men "were necessitated" to fire upon them, "repulsing them with loss." They landed again near to Cape Pallarenda to obtain surveys from
7360-466: The shores of Cleveland Bay, protected to some degree from the predominantly south-east weather. Cleveland Bay is mostly shallow inshore, with several large beaches and continually shifting sand bars. Magnetic Island lies 8 kilometres (5 mi) offshore, to the north of the city centre. It, together with Castle Hill in the town centre and Mount Stuart to the south of the city, form a large quartz monzonite igneous province. The Ross River flows through
7452-401: The source data for the expenditures components are considered more reliable than those for the income components [see income method, above]." Encyclopedia Britannica records an alternate way of measuring exports minus imports: notating it as the single variable NX. GDP can be contrasted with gross national product (GNP) or, as it is now known, gross national income (GNI). The difference
7544-536: The total expenditure used to buy things is a way of measuring production. This is known as the expenditure method of calculating GDP. GDP (Y) is the sum of consumption (C) , investment (I) , government expenditures (G) and net exports (X − M) . Here is a description of each GDP component: C , I , and G are expenditures on final goods and services; expenditures on intermediate goods and services do not count. (Intermediate goods and services are those used by businesses to produce other goods and services within
7636-503: The units based in Townsville were: In July 1942, three small Japanese air raids were conducted against Townsville, which was by then the most important air base in Australia. On 25 July 1942 two Japanese Kawanishi Flying Boats dropped 15 bombs which landed near the mouth of the Ross River, only 370 metres (400 yd) east of oil tanks in the harbour. On 28 July, one Japanese plane dropped eight 230-kilogram (500-pound) bombs near
7728-473: The words of one academic economist, "The actual number for GDP is, therefore, the product of a vast patchwork of statistics and a complicated set of processes carried out on the raw data to fit them to the conceptual framework." China officially adopted GDP in 1993 as its indicator of economic performance. Previously, China had relied on a Marxist-inspired national accounting system. GDP can be determined in three ways, all of which should, theoretically, give
7820-439: The year. Townsville, however, lies on a section of coastline that turns east/west, so the lifting effect is not present. As a result, winter months are dominated by blue skies, warm days and cool nights, although at times significant rainfall may occur. The average annual rainfall is 1,095 millimetres (43.11 in) on an average 61 rain days, most of which falls during the six-month "wet season" from November to April. Because of
7912-556: Was 4,000 people in 1882 and grew to 13,000 by 1891. In 1901 Lord Hopetoun made a goodwill tour of northern Australia and accepted an invitation to officially open Townsville's town hall, occasioning the first ever vice-regal ceremonial unfurling of the Australian national flag. With Brisbane, in 1902 Townsville was proclaimed a City under the Local Authorities Act. The foundation stone of
8004-497: Was a dispute with workers who left work 15 minutes early to catch the 4:30pm train back to town and the factory threatened to sack 340 workers reporting that it wasn’t 15 minutes but some had stopped working at 3:45 or 4pm. On 8 July 1866 Robert Towns imported the first boatload of South Sea Islanders into Townsville to labour on the cane and cotton farms. They numbered 56 and arrived on the Blue Bell which had brought them from
8096-549: Was also affected by the 2019 Townsville flood , the convergence of a monsoon and a slow-moving tropical low. Townsville has offices of many State and Federal Government agencies, such as Centrelink and the Australian Taxation Office . Townsville is governed by a City Council , comprising an independently elected Mayor and 10 Councillors who each represent a separate division within the local government area. Following local government reform undertaken by
8188-435: Was established in 1879. Up to 1500 workers, many who resided in Townsville would work at the factory. It helped to build up the economy of Townsville. Jack Flowers was a local of Townsville and started working at Alligator Creek when he was 13 years old (in 1913). He worked there for 58 years and would walk from Townsville to Alligator Creek. In 1915 the train line extended from Townsville out to Alligator Creek and in 1946 there
8280-458: Was followed by the relocation of St Raphael's college for women. A large modernist building was established. In March 1962, first year university students painted the stick figure depicting The Saint on Castle Hill as a prank. In 1971 Cyclone Althea with flooding slowed progress of infrastructural building, but by 1972 James Cook University was established, with ecru academic gowns, quite different to those of older universities. From 1961, only
8372-563: Was re-elected as Mayor of Townsville. She was re-elected in the 2020 Queensland local government elections. In the unicameral Queensland Parliament five electorates cover the Townsville Region: The majority of the population of Townsville is represented in the Australian House of Representatives by Phillip Thompson of the Liberal National Party , reelected as the member for the Division of Herbert at
8464-465: Was shipwrecked from the Peruvian , living in the Townsville area among the Bindal people for 17 years before deciding to return to British society when the frontier of colonisation came to the region. In 1860, George Elphinstone Dalrymple led a maritime expedition to the region from Brisbane. The expedition sailed to Cleveland Bay , finding a very numerous Aboriginal population. They landed on
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