Cycling And Australia Economy

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Cycling has been a major part of the Aussie Lifestyle and one of the few positive effects of the COVID epidemic as well. There has been a sharp rise in bicycle ridership. Over the past 18 months, a large number of Australians have resorted to cycling for both their fitness and social needs as gyms, swimming pools, and other health facilities have been frequently closed.

First off, cycling has produced employment possibilities in a number of sectors, including retail, maintenance, and bike manufacturing. According to the Australian Bureau of Statistics, the cycling business in Australia employs more than 20,000 people and brings in more than $2 billion annually. This sector also includes bike-sharing programs, which offer an affordable and environmentally friendly mode of transportation in urban areas and have generated new employment possibilities in the management and maintenance of bicycles.

The study, which was published today, claims that in 2020 cycling helped the Australian economy in the amount of $6.3 billion. This statistic takes into account that economic activity is directly produced by bicycle riders, organisations, and local and state governments’ supply of infrastructure to events, research, and sport and recreational cycling.

Meanwhile, it was calculated that cycling contributed $3.4 billion in “direct value increase” to Australia’s GDP. That is equal to or greater than the contribution made by the Australian business and more than three times the contribution made by the Australian motorsport industry.

Additionally, cycling is good for the environment and for everyone’s well-being. Cycling has a positive effect on public health because it reduces air pollution, carbon emissions, and traffic congestion. Cycling is a sustainable mode of transportation that lowers the carbon footprint of people and the economy as a whole. Lower air pollution has been related to lower rates of cancer and respiratory disease.

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