It shows that “digital technologies is one of the fastest growing parts of Australia’s economy,” with an amazing growth rate over the past three years of more than 50%. That saw the dollar value of ICT increase from $50 billion in 2011 to $79 billion in 2013-14. That gives it a 5.1% share of GDP.
But the increased importance of ICT, the growth rate and the continued disruption to the economy from technology comes with a sting in the tail.
Deloitte Access Economics
While there are currently 600,000 people working in ICT, another 100,000 are going to be needed by 2020.