This Deloitte Access Economics research was commissioned by the Communications Alliance to quantify the economic benefits of the telecommunications industry in Australia.
The Communications Alliance commissioned Deloitte Access Economics to quantify the economic benefits of the telecommunication industry.
The report finds that the industry makes a significant contribution to Australia’s economy, both through its own activities and by providing the infrastructure that underpins productivity growth. As a result of these productivity benefits, the Australian economy (GDP) is 6.5%, or $126 billion, larger in 2019 than it would have been without the impact of telecommunications. This is equivalent to an additional $5,000 per person each year.
Australian consumers have benefited from high levels of investment in the telecommunications industry that has been driven by robust competition. Telecommunications has the second highest investment rate of any industry in the economy, which contributes to the development and deployment of innovative technology. Competition has also meant the price of services has fallen significantly in real terms over the past decade, while connectivity, data, speed, and the diversity of products and services have all improved – often dramatically.
Published: November 2019