Internet Becoming a Requirement for Prosperity in the Global Economy #EMCampNM

The world’s top economies are increasingly dependent on the Internet, according to a new report by the McKinsey Global Institute.

Measuring the percent GDP growth attributed to the Internet in Brazil, China, India, South Korea, Sweden, and the G-8 countries, the report found that the broadband sector is booming. According to the findings:

“On average, the Internet contributes 3.4 percent to GDP in the 13 countries covered by the research — an amount the size of Spain or Canada in terms of GDP, and growing at a faster rate than that of Brazil … if measured as a sector, Internet-related consumption and expenditure is now bigger than agriculture or energy.”

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