Washington, D.C. – Today, the Internet Association released a new report on the Internet’s economic impact, which finds that employment in the Internet sector has doubled since 2007, nearing three million total jobs. The Internet sector was responsible for an estimated $966.2 billion, or six percent, of real GDP in 2014.“The Internet often has an ‘everywhere but nowhere’ feel, however, in reality, jobs in the Internet sector have doubled, contributions to real GDP have increased by more than two-fold, and employee wages far surpass the national average,” said Michael Beckerman, President and CEO of the Internet Association. “The results of this study are incredibly exciting for all of us who care about and advocate for the continued growth of the Internet economy, its companies, and the users they serve.”
The study provides conservative estimates for the total economic value of the Internet to the U.S. economy by analyzing product line receipts, or data tables demonstrating sector totals on earnings and related measurements, from several Internet Industries classified by the North America Industry Classification System (NAICS) over time. The study concludes with research on the Internet sectors impact in different states across the country.