The total contribution of cycling to the Australian economy in 2020 was $16.8 billion, and cycling supports more than 30,000 jobs, according to a major report by Ernst & Young, recently launched by the Federal Treasurer. Other information in the report includes:
- 1.7 million bikes were purchased in 2020, worth approximately $1.5 billion.
- Cycle tourism contributed $1.168 billion in direct economic output
- 4.62 million Australians ride a bike in a typical week and 10.19 million rode in the last year
- While exercise and fitness are the most common reasons to ride a bike (82 per cent), 41 per cent cycle as a mode of transport – for work, school or to the shops.
The summary report can be accessed here: