Sad About Regular Economic Growth? Try the Internet Economy!
March 19, 2012
The G-20 Internet economy will be worth $4.2 trillion by 2016, or 5.3 percent of those nations’ combined GDP, and almost double what it was last year. That’s according to a newly released report from the Boston Consulting Group based on three years of research including economic estimates and surveys of businesses and consumers.
The Internet economy in G-20 developed markets will grow at an annual rate of 8 percent, outpacing just about every other traditional economic sector, BCG projected. Meanwhile, in developing markets the average annual growth rate will be 18 percent. All told, the Internet economy is set to add 32 million jobs between 2010 and 2016.
Sad About Regular Economic Growth? Try the Internet Economy! The $4.2 Trillion Opportunity (BCG) Internet accounts for 4.7% of U.S. economy (CNNMoney)