The CommSec October 2024 State of the States Report demonstrates the Tasmanian Government’s 2030 Strong Plan for Tasmania’s Future is continuing to support Tasmania’s economy.
The latest CommSec report shows Tasmania is leading the nation on equipment investment, is third on construction, and has the highest wage and retail trade growth in the nation.
Treasurer, Guy Barnett, said the Government’s 2030 Strong Plan for Tasmania’s Future is ensuring Tasmania’s economy continues to be resilient in the face of national headwinds.
“It is clear the 2024-25 Budget is making life more affordable for Tasmanians, with Commsec revealing the State recorded the lowest Consumer Price Index,” the Treasurer said.
“Not only have more than 47,000 jobs been created under our watch, Tasmania also has the strongest wages growth in the country.
“In the face of national economic headwinds, it has never been more important to continue to nurture Tasmania’s growing economy.
“Under the Tasmanian Liberal Government our population has boomed – having reached the interim population target of 570,000 people by 2030, eight years early.
“Our population policy, alongside our 2030 Strong Plan for Tasmania’s Future, will ensure we are leveraging this opportunity, unlocking productivity and more homes while guiding Tasmania through a challenging period of national economic headwinds.
“There is confidence in the Tasmanian economy, and this report demonstrates that Tasmanian businesses are continuing to invest and Tasmanian consumers are continuing to spend despite the tough economic conditions nationally.”
