Tasmania Key Economic Indicators Performing Strongly In December Quarter 2016

Tasmania Key Economic Indicators Performing Strongly In December Quarter 2016

Tasmania Treasurer Peter Gutwein

ABS Data Shows Turnaround In Economic Growth Under Hodgman Government

Victor P Taffa

Hodgman Government has a long-term Plan to grow Tasmania’s economy and create jobs.

Data released by the Australian Bureau of Statistics (ABS) today shows that our plan is working. State Final Demand, which is a key measure of economic growth, has increased by 6.1 % since the Hodgman Government was elected, Treasurer Peter Gutwein said.

In contrast, under Labor and the Greens, State Final Demand decreased by 0.15 %.

December 2016 quarter saw State Final Demand increase by 0.6 %, the equal second biggest increase of any state.

In 2016, State Final Demand increased by 2.3 %, which was the third biggest increase of any state.

This follows employment figures released earlier this month that show 4,300 jobs have been created under the Hodgman Government.

“We know that there is a lot more to do. That’s why we are rolling out a Northern Economic Stimulus package that will unlock $100 Million of investment, fixing the planning system, implementing a new building code and supporting massive UTas investments in Launceston and Burnie.” Treasurer Gutwein said.