New ABS data released today again demonstrates the underlying confidence in Tasmania's economy.
Tasmania recorded Private New Capital Expenditure of $2.2 billion for the 12 months to September 2024, an increase of 8.7 per cent over 12 months to September 2023.
This compares to a national increase of 3.6 per cent over the same period.
Treasurer, Guy Barnett, welcomed the figures.
"This data shows the underlying confidence the private sector has in Tasmania," the Treasurer said.
"We are working hard to ensure our economy is resilient and that there are opportunities for all Tasmanians.
"Private investors are continuing to invest and are continuing to employ because they know our Government backs jobs and backs business.
"Our Tasmanian economy has increased to a record $40.6 billion and over the past 10 years under our Government, it has grown by $8.5 billion, that's a massive 26.3 per cent.
"Our unemployment rate remains at a historic low, we have the highest wage growth in the nation, and we have created 45,000 more jobs since we came to Government.
"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."
