World Economy

Aussie Digital Commerce Reaches $30b

Aussie Digital Commerce Reaches $30bAussie Digital Commerce Reaches $30b

The falling Australian dollar has dampened the growth of some online sales, but overall the nation’s digital economy is steaming ahead, ABC News reported. A report by information and communications technology research firm Telsyte found that while some categories of physical goods purchased online continued to grow, the sector had grown by 4% from 2014 to 2015, compared to 7% in the previous year. Nevertheless Australia’s online economy has been growing rapidly with digital commerce including digital goods and subscriptions reaching nearly $30 billion last year. Sales of digital goods and services was up by more than 20% year-on-year.