The latest CommSec report recognises Tasmania's strong jobs growth, with the State's low unemployment rate of 4 per cent in September – the lowest in the country.
Treasurer Eric Abetz said since 2014, the number of Tasmanians in work has grown by over 51,000 people, showing the State's ongoing economic growth and strong industry confidence.
"This is a strong sign of the excellent business conditions we have across Tasmania, and we're committed to building on this success," the Treasurer said.
"Tasmania's economy is thriving, with an unemployment rate that has remained at or below 4.2 per cent for nearly four years, continuing our record run of low unemployment.
"At $40.6 billion, our economy is as large as it has ever been, with Gross State Product growing 1.4 per cent in 2023–24 and by $8.5 billion – or 26.3 per cent – over the past decade."
Treasurer Abetz said the State's overall economic results continue to show strength.
"State Final Demand for the 2025 financial year reached a record $50.1 billion, while household spending for the 12 months to July 2025 hit a record high of $18.5 billion – a 67 per cent increase since we came to Government in March 2014," the Treasurer said.
"The value of Tasmania's international merchandise exports was a massive $4.6 billion in the 12 months to June, 65 per cent higher than a decade ago. This demonstrates the strength of our world-class mining, aquaculture and farming sectors.
"Our Government will continue to focus on strengthening the economy, supporting businesses, and investing in skills, training and infrastructure – ensuring Tasmania remains the best place in the nation to live, work and invest.
"I congratulate every Tasmanian who is contributing to our workforce and our economy. We are delivering for Tasmania by working together to move our State forward."
