24 September 2000

# 6. What is making Australia a global financial centre?

DID YOU KNOW...

Australia's dynamic IT&C sector

  • In 1999, spending on IT&C products and services in Australia was almost US$36 billion.
  • As a percentage of GDP Australia's spending on IT&C products and services was the 5th highest in the world and ahead of the US, Canada, Singapore and most European countries.
  • The market is expected to maintain average growth rates of 8.5 per cent a year in the next few years.
Australia's dynamic IT&C sector

Source: World Information Technology Services Alliance, Digital Planet 2000 Source: AXISS Australia, Executive Briefing, Information Technology and Communications Infrastructure in Australia, prepared in association with the Department of Communications, Information Technology and the Arts, September 2000.