Friday, 01 March 2019 11:02

Coalition claims credit for $14b digital economy growth

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Coalition claims credit for $14b digital economy growth Pixabay

Australia's digital economy has grown by slightly more than $14 billion between the years 2012-13 and 2016-17, a report from the Australian Bureau of Statistics says.

The Coalition Government has been in power from September 2013 to date and, in a statement Industry, Science and Technology Minister Karen Andrews claimed her government was responsible for this growth. Labor was in power from 2007 uptil September 2013.

The ABS report said domestic production of digital products had grown from about $79 billion in 2012-13 to $93.5 billion in 2016-17.

Andrews said: “Australia’s ongoing economic success depends on our ability to embrace the benefits of technological advances and use them to improve existing businesses, create new products and markets, and enhance daily life.

"This is why the Liberal National Government released a digital economy strategy Australia’s Tech Future in December 2018, to help ensure Australians enjoy an enhanced quality of life and share in the opportunities of a growing and globally competitive modern economy, enabled by technology.

“The digital economy strategy highlights the trillions of dollars in potential economic and social opportunities that digital technologies will bring to benefit all Australians – like our farmers, teachers, patients and small business owners.

“Embracing digital technologies will ensure Australia can continue our strong record of economic growth, improve our quality of life and ensure benefit to all Australians.”

The statement said digital economy products were in four industries: wholesale trade; retail trade; information, media and telecommunications; and professional, scientific and technical services.

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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