The facility of internet was started on 15th August 1995 and today the internet contributes $2.3 trillion to the global economy and is expected to grow to $4.2 trillion in about four years. The Internet contributed $648 billion to the U.S. economy in 2010, or 4.7% of GDP; more than in any other country. To put that in perspective, the Internet economy is the eighth-largest sector in the U.S. and ahead of the Federal Government.
In a survey by The Boston Consulting Group (BCG) attempts to quantify just how much we value access to the World Wide Web Today, the Internet economy is growing at 6.5% a year in the U.S.. As per BCG this could be one sector eventually which may help propel the country out of recession. The findings of the report are somewhat surprising.
Source: Yahoo Finance
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