The Australian Copyright Council has just published a report by PwC on the Economic Contribution of Australian Copyright Industries 2002-2016
This is the fifth report of its kind commissioned by the Australian Copyright Council. Based on World Intellectual Property Organisation methodology, this research facilitates a comparison between Australia and other economies over time.
The report shows that copyright industries continue to make a significant contribution to the Australian Economy.
The PwC report found that copyright industries:
· Employed over 1 million Australians (approximately 1,022,000 people), which constituted 8.6 per cent of the Australian workforce.
· Generated economic value of $122.8 billion, the equivalent of 7.4 per cent of gross domestic product (GDP).
· Generated just over $6.6 billion in exports, equal to 2.7 per cent of total exports.
· Copyright industries are the 3rd largest income generator in the Australian economy.
The PWC report was launched at the Copyright Law and Practice Symposium on the 12th October 2017, and is now available to the public.