The Information and Communications Technology (ICT) industry is booming in Canada! In fact, a recent study by the CD Howe Institute found that the ICT sector accounted for more than $152 billion of GDP, making it one of the country’s largest and most important industries. But what makes the ICT industry so special? Here are five fascinating facts about IT in Canada that will help you understand why this sector is so important:
1. The ICT sector is one of the fastest-growing industries in Canada. In recent years, the industry has experienced double-digit growth, outpacing the overall economy by a wide margin. The ICT sector employs close to two million Canadians, making it one of the country’s largest employers. The vast majority of these jobs are high-skilled positions that pay well above average wages.
2. The ICT sector is responsible for a large portion of Canada’s exports. In fact, Canadian companies in the ICT sector exported more than $60 billion worth of goods and services in 2016.
3. The ICT sector is a major driver of innovation in Canada. Many of the country’s leading technology companies are based in the ICT sector, and these companies are responsible for developing groundbreaking new technologies that are used around the world.
4. The ICT sector is a critical part of the Canadian economy, and it is poised to continue its strong growth in the years ahead. With its vast array of high-paying jobs and its role in driving innovation, the ICT sector is an important driver of Canada’s economic success.
5. The industry has major promises in the future as it is a critical part of the Canadian economy. It is estimated that by 2022, the ICT sector will be responsible for more than $170 billion of GDP and close to three million jobs.
Why is ICT such an important sector?
The ICT sector is important for a number of reasons. First, the sector is a major driver of economic growth. In fact, the ICT sector has been one of the fastest-growing sectors in the Canadian economy for many years. Second, the ICT sector is a major source of high-paying jobs. Many of the jobs in the ICT sector are high-skilled positions that pay well above average wages. Third, the ICT sector is responsible for a large portion of Canada’s exports. Fourth, The ICT sector plays a critical role in driving innovation in Canada.
