Tasmania Economic Review 2025
Understanding Tasmania’s Economic Trajectory – Past, Present, and Future
Tasmania Economic Review 2025
Regional Development Australia (RDA) Tasmania is proud to release the Tasmania Economic Review 2025 (TER), developed in partnership with Strategic Economic Solutions. This review presents a comprehensive, data-informed analysis of Tasmania’s economy and its evolving challenges and opportunities.
Why We Undertook the Review
Tasmania is changing – and so are the economic, social, and environmental conditions that shape it. As the state recovers from post-pandemic disruption and navigates shifting population dynamics, emerging industry trends, and workforce pressures, RDA Tasmania identified a need to take stock of where we are and where we’re heading.
The review was initiated to:
- Provide a statewide evidence base to support decision-making and policy development
- Identify regional differences in economic performance and resilience
- Highlight Tasmania’s economic strengths and vulnerabilities
- Support local, state, and federal governments, as well as businesses and communities, to make strategic, place-based choices
- Inform the review and update of RDA Tasmania's Strategic Regional Plan.
What the Review Covers
Drawing on the most contemporary data available to the end of 2024, the report explores:
- Economic growth patterns and what’s driving them
- Labour market and participation trends
- Population shifts and their implications
- Housing, infrastructure, freight, and industry performance
- Innovation capacity and emerging sectors
- Workforce and education system alignment
- Regional disparities and opportunities
It also identifies areas for future focus, such as improving the learning system, reducing business churn, understanding worker flows, and progressing toward a wellbeing economy.
Our Purpose
RDA Tasmania exists to drive regional development through collaboration between all levels of government, business, and the community. Our work is grounded in the belief that a thriving Tasmania is built on informed, inclusive, and strategic decision-making.
This Review is part of our commitment to enabling a better future for Tasmania – one that is resilient, prosperous, and tailored to the unique strengths and aspirations of our regions.
Further information about the Tasmania Economic Review is available via the Presentation Slides and Launch Webinar Recording (below).