by Sanjeev Sah | May 23, 2023 | Market Updates

Tasmania has replaced Queensland as the nation’s best-performing economy, according to the latest CommSec State of the States report. 

It’s the 11th time in just three years that Tasmania has topped the ranking and comes after the Apple Isle led on three out of the eight economic indicators assessed: dwelling starts, equipment investment and relative unemployment.  

It then placed second or third on three other indicators: housing finance, economic growth and construction work. 

Once again, there’s little to separate the other states with Queensland and South Australia finishing in equal second, closely followed by New South Wales. 

Victoria and Western Australia are in joint fifth position, with the ACT and the Northern Territory ranking seventh and eighth respectively.