Economy, jobs and prices in Tasmania, Australia: official figures
The economy of Tasmania produced gross state product of $44,280 million in 2024-25 at current prices, 1.6% of Australian gross domestic product ($2,778,897 million), 2nd smallest of 8 among states and territories.
What is the GDP per capita of Tasmania?
Gross state product per person in Tasmania was $76,908 in 2024-25 at current prices, against $101,438 for Australia (the lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyHow fast is the economy of Tasmania growing?
The economy of Tasmania grew by 1.0% in real terms (chain volume measures) in 2024-25, compared with 1.4% for Australia (joint 2nd slowest of 8 growth).
Source: Australian Bureau of Statistics · saved copyWhat is the unemployment rate in Tasmania?
The trend unemployment rate in Tasmania was 5.1% in September 2026, compared with 4.6% for Australia (the highest of 8 states and territories). A year earlier it was 4.6%.
Source: Australian Bureau of Statistics · saved copyWhat is the labour force participation rate in Tasmania?
The labour force participation rate in Tasmania was 59.6% in September 2026 (trend), against 66.5% nationally (the lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyHow many people have jobs in Tasmania?
There were about 278 thousand employed people in Tasmania in September 2026 (trend), and 56.6% of the population aged 15 and over was in work, against 63.4% for Australia (the lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyWhat is the average salary in Tasmania?
The median employee income in Tasmania was $56,350 in 2022-23 (the mean was $62,793), the lowest of 8 states and territories. Source: Australian Taxation Office data published by the ABS.
Source: Australian Bureau of Statistics · saved copyWhat is the median house price in Tasmania?
The median price of an established house sold in Tasmania in 2024 was $598,000 and of an attached dwelling (unit or townhouse) $500,000; houses were 2nd least of 8 expensive of the eight states and territories.
Source: Australian Bureau of Statistics · saved copyHow many businesses are there in Tasmania?
Tasmania had 44,244 actively trading businesses at 30 June 2025, or 77 per 1,000 residents.
Source: Australian Bureau of Statistics · saved copyHow many new homes are being approved in Tasmania?
Building approvals in Tasmania covered 2,340 dwelling units in the year to June 2025, or 4.1 per 1,000 residents (2nd lowest of 8 states and territories).
Source: Australian Bureau of Statistics · saved copyWhat is the median household income in Tasmania?
The median weekly household income after adjusting for household size (equivalised) in Tasmania was $882 at the 2021 Census, and median rent was $290 a week and median mortgage repayment $1,313 a month.
Source: Australian Bureau of Statistics · saved copyHow many jobs are there in Tasmania?
There were 436,468 employee jobs in Tasmania in the year to June 2023 (ABS Linked Employer-Employee Data), 3rd fewest of 8.
Source: Australian Bureau of Statistics · saved copyHow Tasmania compares with other states
Unemployment rate, trend, September 2026 (2026-09)
Tasmania ranks 1 of 8, highest first.
| Rank | Region | Unemployment rate, trend, September 2026 |
|---|---|---|
| 1 | Tasmania | 5.1% |
| 2 | Victoria | 5.0% |
| 3 | Australian Capital Territory | 4.7% |
| 4 | New South Wales | 4.7% |
| 5 | Queensland | 4.4% |
| 6 | Northern Territory | 4.3% |
| 7 | Western Australia | 4.2% |
Gross state product per person, 2024-25 (current prices) (2024-25)
Tasmania ranks 8 of 8, highest first.
| Rank | Region | Gross state product per person, 2024-25 (current prices) |
|---|---|---|
| 2 | Northern Territory | $131,983 |
| 3 | Australian Capital Territory | $123,409 |
| 4 | New South Wales | $100,105 |
| 5 | Queensland | $94,506 |
| 6 | Victoria | $90,918 |
| 7 | South Australia | $83,465 |
| 8 | Tasmania | $76,908 |
Real growth in gross state product, 2024-25 (2024-25)
Tasmania ranks 6 of 8, highest first.
| Rank | Region | Real growth in gross state product, 2024-25 |
|---|---|---|
| 2 | Queensland | 2.2% |
| 3 | Western Australia | 1.3% |
| 4 | Victoria | 1.1% |
| 5 | South Australia | 1.0% |
| 6 | Tasmania | 1.0% |
| 7 | Northern Territory | 1.0% |
| 8 | New South Wales | 0.9% |
Median employee income, 2022-23 (2023)
Tasmania ranks 8 of 8, highest first.
| Rank | Region | Median employee income, 2022-23 |
|---|---|---|
| 2 | Northern Territory | $68,042 |
| 3 | Western Australia | $65,310 |
| 4 | New South Wales | $63,301 |
| 5 | Victoria | $61,397 |
| 6 | Queensland | $59,751 |
| 7 | South Australia | $58,380 |
| 8 | Tasmania | $56,350 |
Median price of an established house, 2024 (2024)
Tasmania ranks 7 of 8, highest first.
| Rank | Region | Median price of an established house, 2024 |
|---|---|---|
| 2 | Australian Capital Territory | $990,000 |
| 3 | Victoria | $753,800 |
| 4 | Queensland | $730,000 |
| 5 | South Australia | $680,000 |
| 6 | Western Australia | $645,000 |
| 7 | Tasmania | $598,000 |
| 8 | Northern Territory | $560,000 |
More on Tasmania: overview · health · education and schools · poverty and living standards · government budget · Australia
Sources
- Australian Bureau of Statistics: Census of Population and Housing 2021, state and territory results (via ABS Data by region): health conditions, education, housing costs, homelessness, disadvantage, read 23 October 2026 · saved copy (SHA-256 7f6d87de31d5…)
- Australian Bureau of Statistics: Australian National Accounts: State Accounts, 2024-25, Table 1: Gross state product, read 23 October 2026 · saved copy (SHA-256 193fa6f8752b…)
- Australian Bureau of Statistics: Labour Force, Australia, September 2026: trend and seasonally adjusted state and territory series, read 23 October 2026 · saved copy (SHA-256 72befbbd1b24…)
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