October 16, 2021

Data: “What’s the Economic Impact of the Information Industry?”

A recent blog post titled, “What’s the Economic Impact of the Information Industry?” by the Bureau of Economic Analysis (BEA) offers some data and links to access additional resources.

From the Blog Post:

The industry now contributes close to $900 billion in value added to the U.S. economy. The information industry’s significance has grown so much that BEA now publishes a separate line for information-communications-technology-producing industries, or ICT industries, in its annual GDP-by-industry statistics.

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In the fourth quarter of 2015, the information industry was the largest contributor to the U.S. economy’s 1.4 percent growth. The industry contributed 0.49 percentage point to U.S. GDP.

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The information industry was the second-largest contributor to the U.S. economy’s growth last year. It contributed 0.30 percentage point to the U.S. economy’s 2.4 percent increase in GDP in 2015. All four information subsectors also grew.

Read the Complete Blog Post

Direct to Bureau of Economic Analysis (BEA) Industry Interactive Database

See Also: Additional U.S. Information Industry Data (via U.S. Census)

See Also: Internet Publishing Industry Revenue Reached $110 Billion in 2014…(via U.S. Census)

About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.

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