The state of Tasmania has been chosen as the second best performing economy in the country for the consecutive year, according to the latest Commsec State of the States report.
It was a huge setback to the state when it was announced as the worse performing economy in the country during the period of 2014 to 2016. It rose from there to second best performing economy with in a short time, Thanks to its growing population.
Tasmania was selected as the second best economy after comparing eight key indicators including but not limited to economic growth, retail spending, equipment investment, unemployment, construction work done, population growth, housing finance and dwelling commencement.
Victoria stands as the best performing economy leading the nation, with a rock solid foundation of emerging investments and construction indicators.