The tech sector is a critical pillar of Australia’s economy. Research by Accenture on the Economic Impact of the Tech Sector in Australia has found the tech sector contributed $167bn per annum in Australia in FY21. That makes tech sector activity equivalent to the third biggest industry in Australia today, behind mining and banking.
The tech sector is also a major employer, with 861,000 Australians – or 1 in 16 working Australians – working in tech-related employment. Since 2005, tech jobs have grown by 66%, compared to an average jobs growth rate of 35% across the economy.
By 2030, tech sector activity has the potential to contribute more to GDP in Australia than primary industries or manufacturing.TCA members want to continue to grow the tech sector, creating new jobs and opportunity for Australia.
Employing 1m people in tech-related jobs by 2025
Having tech activity contribute $250bn to GDP by 2030
Making Australia the best country in the world to create and invest in tech companies