The Internet sector accounts for 10% of US GDP

The Internet sector accounts for 10% of US GDP

Top 20 Economies 2021 (Nominal GDP)

Description video:
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. (top 10 economies) Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.(top 10 countries) Nominal GDP does not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country’s currency.(gdp 2021) Such fluctuations may change a country’s ranking from one year to the next, even though they often make little or no difference in the standard of living of its population. This video contains the gdp in 2021 of future superpowers like India, china, japan, Germany etc and current superpower like US. This video is made by Dr Top 10 and contain Information taken from IMF 2021 gdp Report and Projections.\n\n#top10\n#top10economies\n#top10gdp2021

The Internet sector accounts for 10% of US GDPThe Internet sector accounts for 10% of US GDP

In 2018, the fast-growing internet sector accounted for $ 2.1 trillion in the U.S. economy, or about 10% of the country’s gross domestic product (GDP), an industry group said Thursday..

The Internet Association, a group representing Amazon.com Inc, Facebook Inc, Alphabet Inc, Twitter Inc, Uber Technology Inc and many more firms, has released its estimates as the tech sector comes under increasing criticism, with some lawmakers calling for large firms to split, renewed antitrust investigation.

The study says the Internet sector is the fourth largest sector of the US economy, after real estate, public sector and manufacturing..

According to April estimates by the US Bureau of Economic Analysis (BEA), «digital economy» amounted to 6.9% of US GDP or $ 1.35 trillion in 2017, which puts it in seventh place overall. This definition includes digital technology infrastructure, e-commerce transactions and digital media, but does not include goods and services related to the economy. «sharing».

The Internet Association study used 2018 government census, BEA, and SEC data to assess the Internet sector’s contribution to the American economy.The Internet sector accounts for 10% of US GDP Group chief economist Christopher Hooton said the internet industry «creates jobs in every sector of the economy», and said the new analysis more accurately captures the economic impact of the internet.

The BEA study notes that workers in the US digital economy received an average of $ 132,223 in compensation for their work in 2017, compared to $ 68,506 per worker on average..