The state has the greatest mineral wealth per unit area out of anywhere in Australia. The state's pristine environment and diverse attractions are ideal for a burgeoning tourism industry. Accompanying the natural characteristics of the state, a specialty foods industry has grown in size over recent years. Tasmanian cheeses, salmon and fish products, and wine have won national and international awards. In manufacturing, Tasmania is one of the shipbuilding centres of the southern hemisphere.
Paper production is fueled by the state's plantation timber.