Size
The measurement of the size of the digital economy is subject to many difficulties and much debate. Some people distinguish between a “direct” and an “indirect” digital economy, where the direct contribution is the economic activity related to pure online businesses and the indirect activity is related to digital activity of mixed businesses. Deloitte’s Access Economics for instance estimated the size of the direct digital economy in Australia to be $50b in 2012, or approximately 0.5% of the country’s GDP. In 2010, The Boston Consulting Group estimates the size of, what it terms the “internet economy”, at $2.3 Trillion for the G20 group of countries, approximately 4.1% of their GDP. According to research firm IDC, the size of total worldwide e-commerce, when global business-to-business and -consumer transactions are added together, will equate to $16 trillion in 2013. IDate, another research firm, estimates the global market for digital products and services at $4.4 trillion in 2013. A report by Oxford Economics adds those two together to estimate the total size of the digital economy at $20.4 trillion, equivalent to roughly 13.8% of global sales.
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Famous quotes containing the word size:
“Men of genius are not quick judges of character. Deep thinking and high imagining blunt that trivial instinct by which you and I size people up.”
—Max Beerbohm (1872–1956)
“Our brains are no longer conditioned for reverence and awe. We cannot imagine a Second Coming that would not be cut down to size by the televised evening news, or a Last Judgment not subject to pages of holier-than-Thou second- guessing in The New York Review of Books.”
—John Updike (b. 1932)
“For truly I tell you, if you have faith the size of a mustard seed, you will say to this mountain, ‘Move from here to there,’ and it will move; and nothing will be impossible for you.”
—Bible: New Testament, Matthew 17:20.