A new report has quantified the economic value the Port of Brisbane provides the Queensland economy.
Deloitte Access Economics (DAE) was commissioned by the Port of Brisbane to quantify its economic contribution to the Queensland economy and its ongoing role in the state’s supply chain.
The DAE report found that in FY22, Port of Brisbane and its supply chain contributed approximately $7.8 billion to the State economy and supported almost 63,000 jobs.
Of these, 7,900 jobs were directly supported within the Port of Brisbane precinct.
Per ship call another $2.7 million value was added with 21 jobs supported.
Over time, this contribution will continue to grow according to the DAE report.
By 2032, the Port could conceivably contribute $9.9 billion in economic value added and support 80,200 jobs.
These figures grew again by 2050, with the Port projected to add $15.4 billion in economic value and support 124,400 jobs.
Port of Brisbane Chief Executive Officer, Neil Stephens, said the port community was crucial to the ongoing success of the Queensland economy.
“Despite a challenging year, with the pandemic, severe weather events and global supply chain disruptions all having an impact, the Port of Brisbane delivered a record year for containers (1.53m TEUs) and significant economic activity for Queensland,” he said.
“The resilience and commitment of all port stakeholders is crucial to that success, and we thank them all for their continued partnership,” continued Stephens.
“The Port of Brisbane is a world-class port and logistics hub with world-class people, which is why it’s a Queensland economic powerhouse, critical to the long-term growth and prosperity of this region.
“We will continue to invest in the Port’s infrastructure over the long-term, driving jobs growth and economic activity up and down the supply chain.”