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First Peoples

Aboriginal and Torres Strait Islander peoples should be aware that this resource may contain images or names of people who have since passed away.

Report

An overview of the economic impact of Indigenous disadvantage

Publisher
Aboriginal Australians Economics Poverty Australia
Description

Closing the life expectancy gap between Indigenous and non-Indigenous people would deliver sizeable economic benefits and increase living standards for all Australians, according to this analysis of the economy-wide advantages from improving the quality of life of Aboriginal and Torres Strait Islander Australians over the next 20 years, including:

• GDP in 2029 would be 1% higher than otherwise (equivalent to around $10 billion today)

• Government revenue up by $4.6 billion

• Government expenditure down by $3.7 billion.

The report concludes there is a “clear economic justification for government action to reduce Indigenous disadvantage” based on a reduction in the burden of disease and an improvement in the ability of Indigenous Australians to contribute to and share economic prosperity.

 

Publication Details