Key data released by the Australian Bureau of Statistics (ABS) shows that the Tasmanian economy has grown by 1.4 per cent over the past financial year to a record $40.6 billion.
Treasurer, Guy Barnett, said today’s Gross State Product (GSP) data is great news for Tasmania and shows the strength of the State’s economy.
“Our economy has grown to a record $40.6 billion and this data confirms what key economic statistics have been telling us,” the Treasurer said.
“Our GSP per capita also increased by 1.0 per cent, the only state to record a positive GSP per capita and outperforming the national average which was a decrease of 1.0 per cent.
“Under the guidance of a Liberal Government, Tasmania’s economy has continued to grow despite the very challenging economic conditions of the last few years.
“We have historically low levels of unemployment, currently 4.2 per cent, and we’ve created 45,000 more jobs since we came to Government.
“As a Liberal Government, we know the importance of employment and we will continue to back the aspirational job-creating projects Tasmania needs.
“Over the past 10 years, the Tasmanian economy has grown by $8.5 billion, that’s a massive 26.3 per cent.
“This is good news for Tasmanians, yet I am sure it won’t take long for the hapless Labor party to put their trademark negative spin on it.
“This Government has demonstrated that our 2030 Strong Plan for Tasmania’s Future delivers a strong economy and we will continue doing what matters to Tasmanians.”
