Information & Communication Technology Report

February 6, 2020 | 2 Comments

Today [Feb 6] the Department of Statistics released the 2018 Information and Communication Technology [ICT] Profile.

The profile shows the core indicators on the use of ICT by businesses with comparisons between 2017 and 2018.

Highlighted below are some of the 2018 year-over-year changes:

  • In 2018, the ICT sector accounted for 2.9 per cent of Gross Domestic Product in current prices, down from 3.6 per cent in 2017.
  • Capital investment in ICT decreased 12.6 per cent from $95 million to $83 million.
  • Bermuda’s ICT trade deficit narrowed by 13.1 per cent and stood at $67.2 million.
  • The leading use of the internet by businesses was sending or receiving emails [92.8 per cent].
  • The use of cloud services grew 3.6 percentage points to 52.2 per cent.
  • In 2018, Wi-Fi enabled devices were used by 76.0 per cent of businesses in their daily operations up 0.3 percentage points from 2017.
  • Smartphones were the most commonly used Wi-Fi enabled device at 71.3 per cent, an increase of 1.6 percentage points.
  • Gross median annual income for ICT-related jobs increased 4.4 per cent to $83,703 in 2018 and ranked above the economy-wide gross median annual income of $65,338.

The report follows below [PDF here]:

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Comments (2)

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  1. red rose says:

    This

    In 2018, the ICT sector accounted for 2.9 per cent of Gross Domestic Product in current prices, down from 3.6 per cent in 2017.
    Capital investment in ICT decreased 12.6 per cent from $95 million to $83 million

    means people are not investing in replacing IT. That is a sign of a lack of confidence in the economy.

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