Case Studies

Background

The Technology Sector is one of Australia’s fastest growing industries as rapid advancements in technology will continue to fuel demand for the Sector as consumers and businesses adopt new applications and processes. The Technology Sector supports job growth, fosters entrepreneurship, and transforms industries and productivity. Over the five years to 2021, the Gold Coast Technology Sector workforce increased at an annual average rate of 4.7% which is greater than Queensland at 3.3% and Australia at 3.1%. The contribution of the City of Gold Coast’s to the State and National Technology Sector continues to grow. In 2011 8.7% of Queensland’s Technology Sector workforce were located on Gold Coast. This has now increased to 9.8%, in other words, one in ten of Queensland’s Technology Sector workers are employed on Gold Coast. Gold Coast accounts for 1.3% of Australia’s Technology Sector workforce, a proportion which has remained constant over the past decade.

Project Goals

This report and supporting analysis aim to understand the economic contribution of the Technology Sector, now and into the future. The report presents a variety of economic indicators that demonstrate the increasing significance of the Technology Sector in supporting economic growth and prosperity. 

REMPLAN’s Involvement

REMPLAN was commissioned by the City of Gold Coast to prepare a Technology Sector report to understand the economic contribution, now and into the future. REMPLAN will use REMPLAN regional economic model to estimate the contribution/scale of the sector across key economic metrics and will work closely with established industry classifications local intelligence.

Results

The Gold Coast Technology Sector generates a total economic impact of $7.5 billion in output, with each job supporting an additional 1.5 jobs in the local economy. This report forecasts that by 2032, the total economic impact will include $9.7 billion in output, $4.6 billion in value-added, and 20,500 jobs.