Though it's not widely known or recognised, science directly contributes $145 billion dollars to the national economy each year.
The report "The importance of advanced physical and mathematical sciences to the Australian economy" discussed here, shows that advanced physical and mathematical sciences account for 11 per cent of Australian economic activity, while the direct and flow on impact adds up to more than $292 billion dollars annually.
The report was commissioned by the Office of the Chief Scientist and the Australian Academy of Science, and produced by the Centre for International Economics.
Australia's Chief Scientist, Professor Ian Chubb, is warning we must continue our national commitment to these sciences if we are to recognise opportunities and capture the rewards.
Professor Ian Chubb: Australia's Chief Scientist
Producer: Mike Woods