Economy of Tasmania
| Currency | Australian dollar (A$ or AUD) |
|---|---|
| 1 July – 30 June | |
| Statistics | |
| GDP | AUD$40.62 billion (US$30.54 billion)(2023/24) |
GDP growth | 1.6% (2024/25) |
GDP per capita | AUD$73,188 (US$55,028.57)(2023/24) |
| 0.923 (2021) very high | |
| Unemployment | 4.1% (2024) |
Main industries | Tasmanian opium industry, forestry, healthcare, salmon farming, mining, construction |
| External | |
| Exports | A$5.071 billion (2017/18) |
Export goods | minerals, rare metals, beef, fish, logging, crustaceans, chocolate products |
Main export partners | China 25% Malaysia 9.5% Japan 8.1% Taiwan 6.8% Vietnam 4.9% |
| Imports | A$2.070 billion (2017/18) |
Import goods | ores, petrol, animal feed, fertilisers, homewares, motor vehicles |
Main import partners | China 11.7% Peru 9.5% Mexico 8.9% South Korea 6.9% United States 6.3% |
| Public finances | |
| A$5.4 billion (2024/25) | |
| Revenues | A$8.422 billion (2023/24) |
| Expenses | A$9.744 billion (2024/25) |
All values, unless otherwise stated, are in US dollars. | |
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The Economy of Tasmania is the smallest economy in Australia when ranked by gross state product per capita. Major industries of the Tasmanian economy include its opium industry, aquaculture, forestry, mining and construction. Tasmania has a sizeable Tourism sector. Tasmania runs a large trade surplus, with imports equivalent to less than half of exports; the state has been in budgetary deficit for a number of years.
Major employers include the Tasmanian State Government, Federal Group, Incat, MyState Limited and Tassal.