By Peter Nowak - Wednesday, March 21, 2012 - 0 Comments
Yeah, baby! Canadians are the most awesome YouTube watchers and Facebook photo uploaders in the world, woohoo!
But deriving actual value from the Internet, as in jobs and money savings–you know, the kind of usage that actually matters–well, not so much.
That’s the conclusion reached by a new report released on Monday by the Boston Consulting Group, which looked at the economic impact the Internet has had on G20 countries. It turns out in Canada it accounted for about $49 billion or three per cent of GDP in 2010. That ranks ninth in the G20 and below the group’s average of 4.1 per cent.
The Internet’s contribution to Canada’s GDP is expected to grow to 3.6 per cent by 2016, which will place Canada even further behind the expected average of 5.3 per cent. By then we’ll be twelfth.