| March 2008 |
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- Economic contribution of the spatial information industry
The spatial information industry is a major contributor to the national
economy, generating revenue of A$1.37 billion in the 2006/07 financial
year, according to a study prepared by ACIL Tasman for the released
by Australia's Spatial Information Council (ANZLIC). The study is
the world's first authoritative analysis on the economic impact of
spatial information and demonstrates a higher than expected value.
The study found that the spatial industry: contribution of between
$6.4 and $12.6 billion to GDP; increased household consumption by
between $3.6 and $6.9 billion; increased investment by between $1.8
and $3.7 billion; had a positive impact on the balance of trade with
exports increasing by up to $2.3 billion and; increased real wages
by between 0.6 and 1.2 per cent. The report is available for download
from www.crcsi.com.au
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