By Kim Hart - 03/15/10 11:29 AM EDT
If e-commerce continues to grow even just half as fast as it grew over the last five years, by 2020 the global e-commercewill add $3.8 trillion annually to the global economy--more than the GDP of Germany.
And businesses involved in enabling the dot-com economy contribute directly to economies, accounting for 2 percent of employment in the United States, for example, with wages equaling 2 percent of U.S. GDP.
A few other fun factoids from the report:
--Of the roughly 250 million websites about 80 million are .coms. Even after the collapse of the .dom bubble, the number of domain names grows by an average of 668,000 a month.
--The .coms alone account for some $400 million in economic benefits to businesses and consumers and that figure will likely double in the next ten years.
--Despite high-profile failures in the dot-com bubble burst, typical survival rates for these new business were actually higher than normal and spectacular success stories have followed.
--While the U.S. lags behind in IT areas like broadband and health IT, it leads in e-commerce. But even so, , less than a third of Americans buy things online and only about half the small businesses in the U.S. have a website.
--Only about 25 percent of the world’s 6.7 billion participate in the dot-com economy but is changing – 73 million Chinese became Internet users in 2007 alone.