Goal

Thriving and innovative industries driven by a high level of business confidence

Indicator - 10.3.1.

Growth in Gross State Product

Measure of Progress - 10.3.1.1.

Growth in Gross State Product

View detailed Progress report on this Measure

Baseline Measurement

Over the three years ending on the 30th June 1999, the average annual increase in Tasmanian Gross State Product was 1.72%.

Where does this information come from?

ABS Cat. 5220.0

Why do we use this Measure?

Gross State Product is a good measure of productive activity

Explanation of measure

The measure is an estimate of the average annual change in the market value of goods and services produced in Tasmania. An annual average is calculated from three consecutive annual estimates of the value of Tasmanian produced goods and services entering the market. Averaging removes imprecision in the estimates that results from: a lack of precise data for trade with Mainland Australia; and start and end of period stock adjustments.

Tasmania Together Targets

Year	Target
2005	2%
2010	3%
2015	3.5%
2020	4%