Contribution of non-profit organisations to economy
Non-profit institutions contributed close to $43 billion (or 4.1%) to Australia’s economy in 2006/07, as measured by gross domestic product, according to figures released by the Australian Bureau of Statistics (ABS).
Non-profit institutions received income of $76.6 billion and employed close to 890,000 people during the same period.
The types of non-profit institution activities that contributed to gross value added were education and research (27%), health and hospitals (17%), culture and recreation (16%) and social services (16%).
Volunteers made an important contribution to non-profit institutions. In 2006/07, volunteers contributed 623 million hours to non-profit institutions, equating to 317,200 full-time equivalent jobs. The economic value of these hours was estimated to be $14.6 billion.
Further details are available from the ABS website http://www.abs.gov.au
