Australia’s Services Exports

Services exports were worth about $46 billion in 2006, representing only 22 per cent of overall exports, and in a recent paper the Business Council of Australia argued that the country was $10 billion a year poorer as a result of declining services exports over the past decade.

From ‘Services Sector Gets a Minister, but not the Money’ by Tracy Sutherland, The Australian Financial Review, 4 February 2008, p. 4.