Goal

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

Indicator - 10.4.2.

Investment

Measure of Progress - 10.4.2.1.

Investment

View detailed Progress report on this Measure

Baseline Measurement

During the year ending on the 30th June 2000, the chain volume measure of gross fixed capital formation in Tasmania was $2,503 million. This was an 11.1% increase on the value of expenditure in the previous financial year.

Where does this information come from?

ABS Cat. 5220.0

Why do we use this Measure?

Capital investment is one measure of productivity and wealth. Reporting against this benchmark will include private and public investment components

Explanation of measure

The measure is based on the chain volume measure of total gross fixed capital formation in Tasmania for a year ending on the 30th June. The measure includes year to year movement in expenditure. Note: The value of chain volume measures change each year to enable historical comparisons.

Tasmania Together Targets

Year	Target
2005	Achieve positive growth
2010	2%
2015	4%
2020	5%