Size of the global e-conomy

$8 trillion ($8,000,000,000,000)

McKinsey & Company recently undertook the daunting task of measuring the size and financial impact of the “e-conomy” and what they found is staggering.  The Internet accounts for 21% of GDP growth in the world’s largest economies over the past five years and employs roughly 200 million people with revenues around $8 trillion.  Some of the more interesting observations from the study were related to job creation.  For example, in Sweden one-third of the economic growth over the past five years leading up to the recession was related to Internet activities and in France the Internet created twice as many jobs as it eliminated since the mid-1990s.

What is the e-conomy?

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