A new report says Tasmania is well placed to cash in on the next economic boom sectors.
The report by economic analyst Deloitte predicts Tasmania will 'surf Australia's next boom sectors' - agriculture, tourism, education and wealth management.
The Tasmanian Chamber of Commerce and Industry has welcomed the report which suggests the state's economy could be about to turn a corner.
The TCCI's Michael Bailey says it is a ray of hope after many bleak years.
"What's really important is that we are seeing positive news for the first time in a while now regarding the Tasmanian economy and again we're beginning to hear through businesses that they're seeing this play out in their own backyard," he said.
"It's an exciting time and I think we are starting to see our economy starting to break out of what's been a pretty sad last few years."
The report points to Asia as the source of much of the state's future growth, predicting the region's hunger for coal and iron ore could turn into a hunger for Tasmania's seafood, meat and other produce.
It says that tourism could also flourish, provided the state can get the airline capacity.