Tasmania's economy has been rated the nation's top performer for a seventh straight quarter, and the analyst does not expect that to change any time soon.
"There are few signs of Tasmania giving up the position as top performing economy in the next six months," CommSec said in material accompanying its latest State of the States report.
"The success in suppressing the COVID-19 virus has meant Tasmania hasn't been forced to lock down its economy to the same extent as other economies, although it has had to close borders."
The report rates each state and territory economy against its own previous performance, rather than providing a direct comparison between the eight states and territories.
CommSec said Tasmania led on four of the eight economic indicators the report was based on, and was ranked second on another three.
The success in suppressing the COVID-19 virus has meant Tasmania hasn't been forced to lock down its economy to the same extent as other economies, although it has had to close borders.CommSec
The ACT was ranked second and New South Wales and Western Australia equal third, with the Northern Territory well back in last spot.
Tasmania was first on construction, retail spending, relative unemployment and dwelling starts.
It was ranked second for equipment investment, relative economic growth and relative population growth.
CommSec said identifying an economy to challenge Tasmania on relative performance was not easy.
"Much will depend on vaccination rates and reopening of state and foreign borders, but stimulus applied by state and territory governments will be important," it said.
It said retail spending remained strong across the nation, partly due to the use of money which would have been spent on foreign travel.
Tasmanian retail spending was 18.1 per cent above its decade average levels in the June quarter.
The state unemployment rate of 4.8 per cent was more than a quarter below its decade average, while construction work done was 24 per cent above the average.
"Unemployment rates are historically low across much of the nation, remarkable when you consider the COVID-19 challenges and when the broader Australian economy was in recession just over a year ago."