2012 Information, Communications Tech Report
The ICT sector contributed 4.3% to Bermuda’s GDP, ICT-related jobs dropped 8.3% in 2012 and 74% of businesses have a web presence, according to a report released by the Department of Statistics.
“Growth in the ICT sector declined 1.2 per cent to $236 million in 2012,” said the report. “The decline was driven by a 20.3 per cent drop in the value added from ICT Content and Media industries due to lower revenue earned from publishing activities.”
“ICT-related employment continued its downward trend, dropping 8.3 percent in 2012. This decrease was attributed primarily to a decline in the number of electrical engineers and computer programmers/analysts.
“Total ICT-related jobs represented 2.4 percent of overall employment, unchanged from 2011 levels. In 2012, approximately 36 percent of all companies outsourced their ICT needs to other companies which marked a 5 percentage point rise over 2011. This outsourcing led to the loss of some ICT-related jobs as companies restructured and in some instances re-domiciled.”
2012 Report Highlights:
- The ICT sector contributed 4.3 per cent to Bermuda’s GDP , or $236 million.
- There were 838 ICT-related jobs in 2012,down 8.3 per cent.
- 96 per cent of all businesses use computers during their daily operations.
- Imports of ICT goods and services rose to$126.8 million in 2012.
- Exports of ICT services increased to $83.8million.
- Capital investment in ICT goods totaled $92million.
The report continued, “In 2012, almost three out of every four (74%) businesses had a web presence, up from 51 per cent the previous year. However, most did not utilise this web presence for e-commerce.
“Although the number of companies trading goods via the internet increased in 2012, only 41 per cent of these companies used the internet to place orders for goods and services and an even smaller proportion (18%) received orders over the internet.
“However, both of these segments saw increased usage versus the previous year, up from 28 per cent and 7 per cent, respectively.”
The full ICT Analysis 2012 is below [PDF here]
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