NAB senior leaders discuss the economy and why there’s good news ahead for business.
In this video Alan Oster talks about Australia’s “Sharing Economy”.
Australia’s “Sharing Economy” is averaging growth of 140% per year
The sharing economy (also known as the “collaborative economy”, “peer economy”, “access economy”, etc.) is a rapidly growing economic model based on ‘access to’ rather than ‘ownership of’ physical and human assets like time, space and skills. Examples include Airbnb (where people can list, discover and book accommodation) and Uber (the ridesharing app connecting riders to private cars). NAB’s own data suggests growth is averaging around 140% per year, but from a low base. While the most prominent sharing services are based around accommodation, transport & cars, the sharing economy is growing across a range of goods and services – everything from clothing exchanges to private driveways for car parking.
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