$8 trillion exchange hands each year through e-commerce [McKinsey Report]

In a paper prepared for the Foreign Commonwealth Office International Cyber Conference, MGI examines what more can be done to fully capture the benefits of the Internet.

  • Internet accounted for 21 percent of the GDP growth in mature economies over the past 5 years.
  • Two billion people are connected to the Internet.
  • Almost $8 trillion exchange hands each year through e-commerce.
  • Internet accounts for, on average, 3.4 percent of GDP across the large economies that make up 70 percent of global GDP.
  • Internet’s total contribution to global GDP is bigger than the GDP of Spain or Canada, and it is growing faster than the GDP of Brazil.
  • Internet has created 2.6 jobs for every one it has destroyed.
  • The consumer surplus generated by the Internet in 2009 ranged from $10 billion in France to $64 billion in the United States.

Read the full report: McKinsey & Company – Report – The great transformer: The impact of the Internet on economic growth and prosperity – October 2011.

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Priit Kallas

Priit is the founder and CEO of DreamGrow Digital, an internet marketing and social media company. With his 20+ years internet marketing experience he is Helping companies to understand and use the digital marketing to reach their target audiences. He's also writing on a personal growth website Fixwillpower.com. He has spoken at hundreds of seminars and conferences on different aspects of internet marketing. Priit is also the organizer of Digital Elite Camp, a leading traffic and conversion event.

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