Science and technology
In 2019, Australia spent A$35.6 billion on research and development, allocating about 1.79% of GDP. A recent study by Accenture for the Tech Council shows that the Australian tech sector combined contributes $167 billion a year to the economy and employs 861,000 people. The country's most recognized and important sector of this type is mining, where Australia continues to have the highest penetration of technologies, especially drones, autonomous and remote-controlled vehicles and mine management software. In addition, the Australian recent startup ecosystem is growing annually at rates of 5.8%, and the Sydney and Melbourne ecosystems are already valued at $25 billion. Australia consistently has ranked high in the Global Innovation Index (GII). In 2021, Australia ranked 25th out of the 132 economies featured in the GII 2021, down from being 22nd in 2019.
With only 0.3% of the world's population, Australia contributed 4.1% of the world's published research in 2020, making it one of the top 10 research contributors in the world. CSIRO, Australia's national science agency, contributes 10% of all research in the country, while the rest is carried out by universities. Its most notable contributions include the invention of atomic absorption spectroscopy, the essential components of Wi-Fi technology, and the development of the first commercially successful polymer banknote.
Australia is a key player in supporting space exploration. Facilities such as the Square Kilometre Array and Australia Telescope Compact Array radio telescopes, telescopes such as the Siding Spring Observatory, and ground stations such as the Canberra Deep Space Communication Complex are of great assistance in deep space exploration missions, primarily by NASA.
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