ICT is not yet a widely used term in the U.S., and because the
U.S. does not account for economic or industry activity under
that category, it is difficult to accurately quantify the
value of ICT in the U.S. economy. Even so, direct ICT spending
is clearly a very important part of the U.S. and world
In the U.S.: "ICT industries remained strong, rising
9.0 percent. These industries accounted for 4 percent of
GDP, but accounted for 30 percent of real GDP growth in
In the EU: “The Information and communication technologies
(ICT) sector accounted for a substantial part of EU GDP
and employment. However, ICT is a ubiquitous technology
and investments in ICT are also estimated to have been
responsible for around half of the EU's productivity
growth in recent years.”
Globally: “Like most industries, ICT suffered a dip in
global ICT spending for 2009 although the contraction of
3% is much smaller than the 12% decline in overall global
trade, as reported by the World Trade Organization (WTO)…
ICT spending is set to rebound aggressively over the next
few years. The anticipated upswing will begin this year,
with pent-up demand fueling spending growth of 7.4% before
peaking at 8.7% next year and flattening out at about 6%
from 2013 onwards… This revival is also a boon for other
industries beyond our own as ICT increasingly plays the
role as critical enabler of economic and industrial
Direct spending on ICT products and services is a large and
important part of U.S. and global economies. Even these
impressive quotes and figures do not come close to measuring
the total impact of ICT on the economy, however. They do not
include very significant spending on ICT within organizations
(on internal ICT staff and services).
Additionally, in the global information and knowledge
economies of the 21st centuries, most businesses, industries
and individuals depend on ICT for communications and
productivity. ICT contributes very significantly to the
productivity of individuals and organizations of all kinds.
What is the difference in total economic output with ICT
versus without ICT?
ICT enables productivity for all
kinds of efforts. It is enabling technology and
infrastructure. How do you measure the impact of
transportation on trade? ICT is fundamentally strategic.
"Information and communication technologies (ICT) has
proven to be a key enabler of socioeconomic progress and
development, enhancing productivity and therefore economic
growth, reducing poverty and improving living standards in
many ways. ICT is increasingly revolutionizing production
processes, access to markets, and information sources
together with social interactions. ICT also has an impact
on government efficiency, fostering transparency and
better communication and services with and to citizens."
"The Information Society will affect most aspects of our
lives, so European policies range from the regulation of
entire industrial sectors to the protection of each
individual's privacy. "
2001-2011, over 565,000 IT-related jobs (in all
industries) were created in the United States, an
increase of 22.2 percent. IT jobs grew more than 95
times faster than employment as a whole, which grew by
only 0.2 percent.
In 2011, IT workers earned $78,584 a year, 74 percent
more than the average worker ($45,230).
Even during the Great Recession and its aftermath,
when overall jobs were declining, IT jobs grew. May
2007 - May 2011, IT jobs grew by 6.8 percent,
contributing $37 billion to an economy that was
Increased investments in IT actually lead to more, not
less job creation. U.S. corporations that invested
more in IT expanded their workforces by 14 percent
between 2006 and 2010, while the average increase of
Fortune 500 firms that invested less in IT increased
employment just 6 percent.
IT was responsible for 75 percent of U.S. productivity
growth from 1995 to 2002, and 44 percent from 2000 to
The Internet alone accounted for 21 percent of the GDP
growth from 2006 to 2011 across 13 leading
economies—Brazil, Canada, China, France, Germany,
India, Italy, Japan, Korea, Russia, Sweden, the UK,
and the US.
IT workers contribute 3 to 5 times more to
productivity than non-IT workers.
In the 2011 Inc. 5000 rankings of the 5,000 fastest
growing companies in the US, almost 1/4 (1,140) were
in the IT industry, with a 3-year average growth rate
of 302% and revenues totaling nearly $54 billion.
In 2012 there were 466K US jobs related to mobile
apps, up from 0 in ‘07. The mobile app economy
generated almost $20 billion in revenue in 2011.
In 2012, over 88 percent of the 500 most popular
mobile apps were developed by small businesses, most
with fewer than 10 employees.
In 2010, nearly 50% of OECD Internet users were active
social network users.
Almost 50 percent of Internet users in OECD countries
use the Internet for formalized education activities.
In 2011, IT products comprised 31 percent of U.S.
advanced technology product exports and about 9
percent of all U.S. goods exports.
In 2008, 54 percent of patents granted by the U.S.
Patent and Trademark Office were IT-related.
In the European Union, the United States and Japan,
the IT sector is by far the largest R&D investing
sector. The IT industry accounts for 25 percent of all
business expenditure on R&D in the European Union.
In the information and knowledge
economies of the 21st century, we all
increasingly depend on information and
communications technologies - and the
increased connectivity and productivity
they enable. Strategically, we need
modern ICT infrastructure and a large,
highly skilled ICT workforce in modern