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The Centre for International Economics found that the advanced biological sciences, directly and indirectly:

• account for 5% of Australian economic activity, or around $65 billion per year
• provide 4% of total Australian employment (about 464,000 jobs)
• generate 4% of our exports, or about $12 billion per year.

In addition, the economists estimated the value of health improvements:

• there would be 18% to 34% higher burden of disease without the advanced biological sciences
• the advanced biological sciences deliver $83 billion to $156 billion worth of health improvements.

This report follows and complements a 2015 report that quantified the contribution of the advanced physical and mathematical sciences to the Australian economy. 

Both reports were commissioned by the and the ¾«¶«ÊÓƵ and prepared by economists from the Centre for International Economics. 

A synthesis report presents combined estimates derived from both reports.

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