Science contributes $145 billion/yr to Australian economy

08 April 2015

The Chief Scientist Ian Chubb has released a report highlighting the magnitude of the contribution made by research and science to economic growth and employment. Advances made in physical and mathematical sciences over the last 20 years contributed $145 billion a year to the Australian economy. When indirect benefits were added this jumped to $292 billion a year accounting for 22 per cent of economic activity, seven per cent of total Australian employment (about 760,000 jobs) and exports worth around $74 billion a year.

See Ian Chubb's report here
See Universities Australia's response to the report here