Internet Economy Reported Contributing to 4.7% of US ’10 GDP

The internet economy accounted for 4.7% of the US gross domestic product (GDP) in 2010, and on average 4.3% of developed market GDPs, according to March 2012 Boston Consulting Group analysis of data from the Economist Intelligence Unit (EIU), Organization for Economic Development (OECD), and various country statistical agencies. The economic impact of the internet was highest in the UK (8.3%) and South Korea (7.3%), while accounting for 4.1% of GDP in the G-20 countries, and 3.6% on average for developing markets. (more…)