|
Aggregate Economic Impacts
The National Accounts do not capture the full extent of the spatial information industry.
• However it is conservatively estimated that industry revenue in 2006-07 could have been of the order of $1.37 billion annually and industry gross value added around $682 million.
The economic footprint of the spatial information industry is considered to be larger than this. Spatial information is increasingly being used in most sectors of the economy where it is having a direct impact on productivity.
This study found that in 2006-07 the accumulated impact of these direct impacts:
• contributed to a cumulative gain of between $6.43 billion and $12.57 billion in Gross Domestic Product (GDP)
− equivalent to 0.6% and 1.2% of GDP respectively
• increased household consumption by between $3.57 billion and $6.87 billion on a cumulative basis
• increased investment by between $1.73 billion and $3.69 billion on a cumulative basis
• had a positive impact on the trade balance
− exports were between $1.26 billion and $2.30 billion higher than they would otherwise have been
− imports were between $1.18 billion and $2.23 billion higher than they would otherwise have been
• real wages by were between 0.60% and 1.12% than they would otherwise have been.
|