Information & Communication Technology Report

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]:

#BermudaBusiness

Category: All, Business, technology