Tasmania's economy continues to charge ahead according to positive ABS data released today.
The figures show State Final Demand for Tasmania grew 1.4 per cent in the June quarter in real seasonally adjusted terms, and is up a whopping 13.1 per cent for the year - the second strongest growth rate of all the states.
Pleasingly, household consumption increased, led by increased spending on furnishings and household equipment, vehicles, and restaurants - with Tasmanians backing local businesses and having the confidence to spend when out and about.
Public investment also increased, driven by investment by State and local governments in road projects, health and justice infrastructure, while private investment was up to $1.39 billion in the June quarter, due to growth in non-dwelling construction.
The Tasmanian Government has a clear plan to secure Tasmania’s future and these results are more proof that it is working.
Our businesses are confident, investing and hiring, there are more Tasmanians in work than before the pandemic, and 28,400 jobs have been created since we came to Government in 2014.
But we know there is more to do and we will continue to deliver our plan, grow our economy and our workforce, and invest in the key areas to secure Tasmania’s future.