A new report shows the agriculture, forestry and fishing sector played a key role in Tasmania's economy outperforming the nation since the coronavirus crash.

The sector was responsible for about half of Tasmania's economic growth in the 2020-21 financial year, the Australia's Economic Wellbeing report from urban public policy consultants SGS Economics & Planning said.

"Farmers were Tasmania's economic heroes in the 2020-21 financial year," SGS senior associate and report lead author Marcia Keegan said.

" ... Tasmania's economy rebounded fast, thanks to the recovering agriculture industry and growth in the health and aged care sector."

The report said Tasmania experienced declines in transport, postal and warehousing and administrative services, but those falls were modest and did not weigh heavily on overall economic growth,

It said Tasmania narrowly avoided recession last year (when the response to the coronavirus pandemic led to thousands of job losses), then rebounded strongly to grow by 3.8 per cent in 2020-21, faster than the national economy.

"While Tasmania had grown more slowly than the rest of Australia through most of the 2010s, it has grown more strongly than the rest of the country in the last few years," the report said.

"In the September 2021 quarter, Tasmania showed the strongest growth of all states, with state final demand growing by 4.2 per cent."

The report also noted Tasmania's jobs recovery from the depths of 2020.

"Tasmania saw the same declines in participation and increases in unemployment as other cities and regions in the initial pandemic outbreak," it said..

"Unlike other cities and regions, the unemployment rate kept growing for the rest of 2020, despite Tasmania remaining more or less open.

"Unemployment turned the corner at the end of the year and has continued to decline since then, from 7.8 per cent in November 2000 to 5.1 per cent in October 2021."

It said jobs in regional Tasmania had the sharpest decline in the first wave of the pandemic, with 9.2 per cent of payroll jobs lost between mid-March and mid-April last year.

"Over 2020, Hobart and regional Tasmania showed a decline in jobs, possibly due to loss of tourism from the mainland due to lockdowns in Victoria and New South Wales and strict travel restrictions from other states," it said.