Industry Economic Impact Study
Geospatial Council of Australia
Australia faces many challenges in the post Covid period. Productivity has been declining in some industries or relatively flat in others. The retreat from a global approach to trade has brought new challenges to maintaining Australia’s export markets and international competitiveness. The geopolitical framework has increased the political focus on sovereign capabilities in key areas. The Productivity Commission recent report on raising productivity highlighted the lower rate of growth in productivity over the past twenty years. This is a concern for wages growth as well as for overall competitiveness of the Australian economy. The fall in productivity growth in the 2019 to 2020 period appears to be COVID induced. That said the productivity growth outlook post COVID is concerning.
It is within this environment that the Geospatial council seeks to reassess the contribution and value of geospatial information to the Australian economy, to place the value of the geospatial industry in the context of its potential contribution to further economic welfare for society. The aim would be to support readjust perception of the geospatial sector and support advocacy for policy and program imperatives at the national and state level.
To these ends the economic evaluation should: