Information & Communication Tech Report

October 17, 2018

Today [Oct 17], the Minister for the Cabinet Office with Responsibility for Government Reform Lovitta Foggo, released the 2017 Information and Communication Technology [ICT] Profile for the year ended 2017.

“The profile shows the core indicators on the use of ICT by businesses with comparisons between 2016 and 2017,” a Ministry spokesperson said.

“Some of the highlights include:

  • The ICT sector accounted for 3.6 per cent of the total Gross Domestic Product.
  • ICT-related employment represented 2.1 per cent of total filled jobs in 2017.
  • The number of IT professionals increased 1.8 percent year-over-year.
  • In 2017, the use of computers for business operations grew 4.8 percentage points to 93.5 per cent
  • The use of cloud services grew 7.1 percentage points to 48.6 per cent.
  • The majority of businesses surveyed [51.1 per cent] did not outsource their ICT needs. Over a third of all businesses outsourced their ICT needs to other local businesses only, 5.5 per cent outsourced to overseas businesses only, and 6.8 per cent utilized a combination of local and overseas businesses.
  • Gross median annual income for ICT-related jobs decreased 7.4 per cent to $82,180 in 2017 but still ranked above the economy-wide gross median annual income of $64,250.

The report follows below [PDF here]:

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  1. Rocky5 says:

    ALL this for 3.6 per cent of the total Gross Domestic Product & 2.1 per cent of total filled jobs in 2017! Real Estate is 15% of Gross Domestic Product and it’s completely ignored