Business conditions in Tasmania have been on an upward trajectory, with the latest NAB December Business Survey confirming that the state has climbed 12 index points over the last three surveys. Tasmania now sits third in the national rankings, a position that underscores the state’s growing economic strength despite broader challenges.
Treasurer Guy Barnett has credited the Tasmanian Government’s ongoing support for business and job growth as key factors in the state’s continued economic expansion. While acknowledging the economic pressures affecting the country, he pointed to Tasmania’s resilience and strategic planning as drivers of this steady improvement.
The NAB survey results align with data from the Australian Bureau of Statistics released earlier in January, showing Tasmania’s unemployment rate holding at 4.1 per cent. This stability, coupled with the highest wage growth in the country, has reinforced confidence in the state’s economic direction. Since the current government took office, Tasmania has added 45,000 jobs, a significant achievement that reflects sustained investment in industries and workforce development.
Tasmania’s economy has expanded to a record $40.6 billion over the past decade, marking an increase of $8.5 billion, or 26.3 per cent. This growth has positioned the state for a strong 2025, with further gains expected as government policies continue to prioritise employment, business confidence, and economic diversification.
The government’s 2030 Strong Plan for Tasmania’s Future has been a central pillar of this economic strategy, aiming to create opportunities across sectors while ensuring that the benefits are widely shared. With a focus on long-term sustainability, the plan supports both emerging industries and established businesses, reinforcing Tasmania’s reputation as a competitive economic player.
Economic headwinds have presented challenges, but Tasmania’s ability to navigate these difficulties while maintaining steady growth suggests a well-anchored strategy. Businesses have shown confidence in the state’s economic management, reflected in improved hiring conditions and investment activity.
Looking ahead, Tasmania’s economic outlook remains positive, with indicators pointing to further expansion and stability. As businesses continue to operate in an environment supported by government backing and favourable conditions, the expectation is that Tasmania will build on its current momentum, reinforcing its position as a key contributor to national economic performance.
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