Tasmanian economy the envy of the nation


Our plan to secure Tasmania’s future is working and our economy is the envy of the nation ahead of our borders reopening on December 15.

There is no doubt that businesses are confident, people are investing, and jobs are being created across the State.

The latest CommSec’s State of the States Report released earlier this week for the September quarter has Tasmania leading the nation, as the best performing economy in the country.

This is the seventh quarter in a row Tasmania has led the nation, with Tasmania ranked first in four of the Report’s key economic indicators, and second on three of the remaining four indicators.

This follows the recent NAB Monthly Business Survey for September which found that Tasmanian businesses are the most confident in the country again, with the best conditions for business in the nation, again.

And the Deloitte Access Economics Business Outlook for the September quarter forecast that Tasmania will have the equal-fastest growing economy this financial year, at 3.6 per cent.

These results do not happen by accident, they are the result of our strong plan to secure Tasmania’s Future and support the Tasmanian community.

And, we are supporting southern businesses through the recent closures caused by COVID-19, with 1430 applications already approved for a total $1.33 million in support through the Southern Tasmania Lockdown Business Support Program.

The program follows the significant support already provided throughout the pandemic, including most recently our $50 million Supercharged Micro and Small Business Border Closure Grant program, for those businesses impacted by border closures particularly in NSW and Victoria.

As we draw closer to reopening on December 15, we will continue to deliver our plan to grow our economy and support our businesses to invest, grow and create jobs as we secure Tasmania’s future.