OECD ICT industry will grow by 6 per cent in 2006

OECD ICT industry will grow by 6 per cent in 2006

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According to Information Technology Outlook 2006, published on alternate years by the OECD, the OECD ICT industry will grow by 6 per cent in 2006.

The growth of ICT industry is driven by Internet-related investments, Linux servers, digital storage, personal digital assistants and new portable consumer products. Across the 30 OECD countries 14.5 million people — roughly one in 80 people — work in the ICT sector and although the top technology firms' revenues are now 20 percent more than in 2000, their employment levels have remained flat. According to the organisation, ICT manufacturing was shifting within the OECD towards assembly plants in Mexico and Eastern Europe. From 1996 to 2004, total OECD ICT goods trade increased by 6.5 per cent a year, while that of Eastern European OECD countries and Mexico increased by 17.4 per cent a year. China was the sixth largest ICT market in 2005 after the United States, Japan, Germany, United Kingdom and France. But China's total ICT spend was only one-tenth of the US, but two-and-a-half times that of India.

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