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Study claims Internet accounts for 7.2 percent of British economy

Posted on Monday, November 01 2010 @ 03:15:02 CET by


A report by the Boston Consulting Group (BCG) found that the Internet contributed 100 billion pounds ($155 billion) to the British economy in 2009, representing about 7.2 percent of the country's GDP.
The sector is bigger than the construction, transport or utilities industries in Britain, according to the study by the Boston Consulting Group (BCG), which was commissioned by the British arm of Internet giant Google.

The research also predicted that by 2015, the British 'Internet economy' is likely to grow to 10 percent of GDP, eclipsing the financial sector.

"The Internet is pervasive in the UK economy today, more so than in most advanced countries," said Paul Zwillenberg, a partner with BCG in London.
Source: Breitbart


 



 

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