While sports is overwhelmingly popular in Australia, it accounts for only 1.6% of the country's total household spending. Dr Bob Stewart , a leading sports analyst and author of Sport Funding and Finance , examines the sector's business, employment and community impacts to assess its true social and economic value. Australian sport may only account for 1.6% of total household spend, but its macro impact on the economy is strong. Photo: www.shutterstock.com IN STRICTLY STATISTICAL terms, the Australian sport and physical recreation sector is a “fringe player” in the national economic game. In 2010, the Australian Bureau of Statistic s (ABS) found that spending on sport accounted for only 1.6% of total household spending . Another interesting result from the ABS was that spending on sport accounted for just over 12% of total leisure and recreation spending – a sector that included the arts, cinema, books and tourism, as well as sports, exercise and games. C
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