Mobile boosts economy by $43 billion

Mobile technology, apps, tech tools

Once it was a novelty, now having a mobile phone is almost essential – and it’s improving what we do.

That’s the finding of a new report which concludes Australia’s economy is nearly $43 billion larger in 2015 because of the long-term productivity and workforce participation benefits of mobile technology.

The Deloitte Access Economics research, commissioned by the Australian Mobile Telecommunications Association, was compiled using data from 37 countries over 30 years, but also a survey of 1000 Australians less likely to be working, or working full time.

The key findings of the report are:

  • Mobile users work 0.6 more hours every week.
  • Nearly 30% work from home at least some of the time.
  • Nearly 15% would work fewer hours if they were not able to work remotely.

The report also shows 80% of job seekers under the age of 25 use their mobile devices to find a job.

The association’s chairman Matthew Lobb predicts the next wave of technology – including hi-tech wallets and driverless cars – will continue to grow .

‘It is clear that this technology will continue shaping the way Australians communicate, work and interact.’

Deloitte Access Economics partner Ric Simes said mobile technologies allowed employees to make a more productive use of their time and work more efficiently.

Communications Minister Mitch Fifield is launching the report in Canberra on Thursday.