Tasmania’s economy once again on top

Peter Gutwein,Premier

Tasmania’s economy continues to charge ahead as we draw closer to reopening on December 15, with the SGS Economics & Planning report, Australia’s Economic Wellbeing December 2021 confirming Tasmania’s position as Australia’s strongest economy.

The report shows that Tasmania had the strongest growth of all states in the September 2021 quarter, with State final demand growing by 4.2 per cent.

The continued strength of our economy reflects the confidence that businesses and locals have to spend and invest in our State, which is great news for local businesses, especially as we reopen and we head into the busy holiday season.

The report also reaffirms the importance of Agriculture, Forestry and Fishing to the Tasmanian economy, which were responsible for approximately half of Tasmania’s growth, while there was also strong growth in health and aged care.

These results do not come by accident and reflect the confidence and hard work of Tasmanians, our status as one of the safest jurisdictions in the world and our flexible and adaptive response to COVID-19.

Our clear plan to support our community and economy throughout the pandemic is working and we will continue to do all we can to keep the momentum going as we deliver our plan to secure Tasmania’s future.

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