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Australian ICT industry worth $123 billion

Australia's ICT industry for the year to 30 June 2007 made $123 billion and employed just under 300,000 people, paying $21 billion in wages, according to numbers released this week by the Australian Bureau of Statistics.
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Written by Suzanne Tindal, News Editor on

Australia's ICT industry for the year to 30 June 2007 made $123 billion and employed just under 300,000 people, paying $21 billion in wages, according to numbers released this week by the Australian Bureau of Statistics.

The income from the industry which was directly related to ICT, however, only amounted to $97.8 billion, although the ABS did not clarify exactly what this meant. The operating profit before tax came to $10.3 billion.

There were 30,313 businesses achieving these figures across manufacturing, wholesale trade, information media and telecommunications, computer system design and related services as well as electronic and precision equipment repair and maintenance.

These businesses blew $113 billion on operating expenses. Capital expenditure came in at $9.6 billion.

Although the previous survey could not be directly compared with the 2006-2007 numbers because of a range of survey changes, the total ICT industry income numbers for the last survey in 2004-2005 ran to $103.3 billion ($87 billion ICT income) from businesses with 274,132 employees, which were paid $17.2 billion in wages.

The operating profit from the harvest before tax was $9.4 billion, while operating expenses ran to $94.4 billion and capital expenses were $7.5 billion.

The 2008-2009 survey will not be conducted due to budget constraints, although the ABS said it was considering options for producing ICT industry statistics in the future.

The full ABS report can be found here.

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