1367.0 - State and Territory Statistical Indicators, 2012  
Latest ISSUE Released at 11:30 AM (CANBERRA TIME) 08/06/2012  Final
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STATE FINAL DEMAND



In Tasmania in the March quarter 2012:
  • The trend estimate for state final demand fell by 0.3% from the previous quarter, in volume terms. This was the lowest quarterly growth of all Australian states and territories, with the largest increase recorded for NT (up 5.4%).
  • The trend estimate also fell by 0.2% from the same quarter of the previous year.


Graph Image for State Final Demand, quarterly change, Tasmania

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How is economic growth rate measured in your state or territory?

State final demand is a measure of economic demand for products in the economy. It is an aggregate obtained by summing government final consumption expenditure, household final consumption expenditure, private gross fixed capital formation and the gross fixed capital formation of public corporations and general government. It is different from Gross State Product (GSP) as it excludes international and interstate trade as well as change in inventories.