The ABS welcomes findings released today, from Lateral Economics, estimating that for every $1 invested in the Census $6 of value was generated to the Australian economy.
The Valuing the Australian Census report estimated an annual benefit of $800 million from the Census, compared to a five year total cost of $670 million. It also found five main categories of value for Census: services planning and targeting, infrastructure planning and targeting, improved policy design, commercial uses and public goods.
Dr Nicholas Gruen of Lateral Economics said the report examines value in terms of major and minor economic value and non-economic value to the Australian community.
"Our research and extensive consultation across the Australian public and private sectors led us to the clear conclusion that Australia's Census generates far more economic benefits than costs," said Dr Gruen.
"The Australian Census plays a critical role in building evidence and decision making to improve the efficiency, effectiveness, fairness and integrity of Australia's economic and social infrastructure. We conclude that the Australian community's collective effort every five years to undertake the Census is more than worth it."
Census and Statistical Services Division General Manager Chris Libreri said the ABS commissioned Lateral Economics following similar valuation studies undertaken internationally.
"The independent valuation quantifies, for the first time, the cost benefits of running the Census in Australia," said Mr Libreri.
"We understand that the Census is widely used, and we are pleased to see the range and diversity of use of Census data across all sectors of government, business and society."
The next five-yearly Australian Census is set to take place in 2021. The Census provides an important snapshot of the economic, social and cultural make-up of Australia.
The full report published by Lateral Economics can be accessed here: https://www.abs.gov.au/websitedbs/D3310114.nsf/home/Value+of+the+Australian+Census.