Antarctic worth $186 million to Tasmania

The value of the Antarctic and Southern Ocean sector to Tasmania’s economy has been valued at $185.9 million a year, a new report has found.

The Contribution of the Antarctic and Southern Ocean Sector to the Tasmanian Economy 2017-18 report by Wells Economic Analysis for the Department of State Growth has found that the sector continues to be an important contributor to Tasmania’s economy. Tasmania’s position as a centre of Antarctic and Southern Ocean science, research and logistics underpins Hobart’s reputation as an Antarctic Gateway with the sector generating a significant economic contribution as well as supporting hundreds of jobs locally.

A summary of the report is available here.