Tasmania continues to top the nation on economic pace and strength

4 December 2019

The ABS has confirmed today that strong investment in Tasmania over the year to September quarter 2019, saw State Final Demand grow at 3.1% for the year - the highest growth in the country - and triple the rate of demand growth nationally.

Tasmania was the fastest growing state in the September quarter, backing up record growth figures for the 2018-19 financial year to June.

These results are testament to our nation-leading business confidence, which leads businesses to grow, diversify, invest and hire more people.

This follows confirmation that in 2018-19, Tasmania was the strongest growing economy in the nation, with the TCCI Tasmania Report on Monday highlighting that for the first time, all 19 industries in Tasmania grew throughout the year, demonstrating our economic success is broad-based, which leads to more jobs and opportunities right across the State.

Despite the deliberate effort of Labor and its leader, Rebecca White, talking down the economy, Tasmania is booming, and this is a good thing and should be welcomed.

Finally, after months of relentless negativity, former Minister for economic recession, David O’Byrne, said yesterday he is “very happy with the economy”. Will he say the same thing today? Given Labor’s favourite position is on the fence, we never know which way they will land.

The Hodgman majority Liberal Government’s number one priority is jobs. Creating more jobs strengthens the economy and enables more investment in essential services, like health, housing and education. It is clear that our Plan is working, with 16,000 more jobs created since we came to Government, and record investment into essential services and infrastructure.

Latest news

Virtual trekking in Tasmanian National Parks

20 December 2019 Tasmania’s magnificent national parks are on show around the globe with visitors able to take a virtual tour …

New facilities now open at Seal Rocks State Reserve on King Island

20 December 2019 King Island locals and visitors can now enjoy better access to Seal Rocks and the Island’s stunning south wes…

Tasmania continues to hit new jobs records

19 December 2019 More Tasmanians are in work than ever before with the latest Labour force data revealing that Tasmania has hi…