[Infographic] How The Digital World Fuels The Physical Economy
How important is the Internet to the world’s economy? Plenty, as you can imagine. Consider this: the Internet accounts for 3.4% of the Gross Domestic Product (GDP) in 13 countries; that’s more than the total GDP for Canada and Spain.
And it’s growing rapidly too – global internet use is increasing, which also leads to increased GDP and thus creating jobs and wealth. The US, as the world’s largest supplier in the Internet ecosystem, is the biggest benefactor – it’s captured 30% of global Internet revenues and over 40% of the Internet’s net income. But India, China and South Korea are poised to take larger slices of the Internet pie with the largest growth in the global web ecosystem.
Here’s an infographic from FEInternational.com that looks more in depth at the facts and figures behind the digital world and how it is expanding rapidly.
[Infographic credit: FEInternational.com]
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.