Chart of the Day

UPDATE: below


Prepared for this week's G8 Paris Forum by McKinsey Global Institute (page 16):

Over the past 15 years, the Internet accounted for 7 percent of our 13 countries’ combined economic growth. Its influence is expanding. Looking at the past five years, the contribution to GDP growth reaches 11 percent. When we look at mature countries, we see that the Internet contributed 10 percent of their growth over the past 15 years and doubled to 21 percent in the past five years. In the United Kingdom, which mirrors the typical experience of a mature country, the Internet contributed 11 percent to the country’s growth rate over the past 15 years and 23 percent over the past five years:

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I should have noted that the paper concludes that, in the 13 countries studied, the Internet accounts for 3.4 percent of GDP, 2.1 percent of GDP growth over the past five years, and 2.6 jobs created for every job lost.