Home / News

Internet Accounting for 4.7% of U.S. Economy

The Internet is contributing more to the American economy than the entire federal government, according to a new study by the Boston Consulting Group.

The Internet accounted for $684 billion, or 4.7% of all U.S. economic activity in 2010, according to latest report released by Boston Consulting Group. The Internet economy in the U.K. accounted for the highest percentage of national GDP in 2010, followed by South Korea (7.3 percent) and China (5.5 percent). In each of these three countries, the Internet economy would rank among the top six industry sectors. At 4.7 percent, the 2010 share of U.S. GDP contributed by the Internet was about the same as the share contributed by the federal government — and ranked slightly ahead of the developed markets' average share of 4.3 percent.

By CircleID Reporter – CircleID's internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us. Visit Page

CircleID Newsletter The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

VINTON CERF
Co-designer of the TCP/IP Protocols & the Architecture of the Internet

Comments

This is under estimating Internet Infrastructure contributions By Richard Donaldson  –  Mar 20, 2012 8:51 am PDT

I would suggest that this is actually on the low side as it may only contain "transactions" online with respect to selling or buying something, ala Amazon, and not all the Internet Infrastructure contribution - datacenters, hosting, cloud, etc

Add Your Comments

 To post your comments, please login or create an account.

Related

Topics

Whois

Sponsored byWhoisXML API

Cybersecurity

Sponsored byVerisign

New TLDs

Sponsored byAfilias

Domain Names

Sponsored byVerisign

Brand Protection

Sponsored byAppdetex

Cybercrime

Sponsored byThreat Intelligence Platform

DNS Security

Sponsored byAfilias