Economh
Throughout the global financial crisis, the spending habits of populations around the world have been scrutinised and stimulated as a key driver in restoring economic wellbeing. In fact, the performance of the retail sector remains one of the most commonly referred to indicators, precisely because it makes such a significant contribution to national GDP.
Many of you might be surprised to discover in this context that the GDP contribution of the non-profit sector in Australia is actually on a par with that of the retail industry.
Today, there are as many as 600,000 non-profit organisations in Australia that in 2007 contributed a staggering $43 billion to our GDP, up from $21 billion in 2000. If you incorporate the $15 billion imputed value of its 4.6 million volunteers, there’s no ignoring the fact that non-profits are major economic players.
Continue reading "The silently booming sector of the economy" »
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