Tasmania has missed out on the top spot in the latest State of the States report by CommSec, only overtaken by Queensland, which topped the rankings for the first time in the report’s 13-year history.
The CommSec measures the economic momentum of each state and territory in Australia.
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The island state was best-placed for equipment investment among all the states, and performed well in other indicators such as economic growth and unemployment rate.
STATE OF THE STATES RANKINGS
- Queensland: 1st, up from 2nd
- Tasmania: 2nd, down from 1st
- South Australia: 3rd, up from 5th
- Victoria: Equal 4th, up from 6th
- NSW: Equal 4th, up from 7th
- ACT: 6th, down from 3rd
- Western Australia: 7th, down from 4th
- Northern Territory: 8th, unchanged
* All changes compared to previous CommSec quarterly report
