The economic impact of the ICT sector: an input-output analysis of Canada and New Brunswick

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University of New Brunswick


Investments in the Information and Communications Technology (ICT) sector can affect the entire economy. Direct expenditures within the ICT sector generate both indirect and induced benefits. Employment levels, competitiveness, and overall strength of the economy can be improved through increased investment in the ICT sector. This report attempts to assess the economic impact of the Canadian ICT sector using the Statistics Canada Symmetric Input-Output tables. Given the lack of provincial data available, an evaluation of the economic impact of the New Brunswick ICT sector is carried out using the Statistics Canada Interprovincial Input-Output Simulations Model. This report concludes that the economic impact of both the Canadian and New Brunswick ICT sectors are significant. Thus further strategic investment in this sector would benefit both the New Brunswick and the national economy.