‘Internet sector will reach 8.5% of GDP by 2015’

10.03.2011                      04.Adar ll, 5771

Volkswirtschaft:

‘Internet sector will reach 8.5% of GDP by 2015’

Web’s share in Israel’s economy one of highest in the world, Internet economy accounted for around NIS 50b. in 2009, McKinsey study finds.

The nation’s Internet sector is expected to grow at twice the pace of the overall economy, to reach an estimated NIS 85 billion by 2015, or 8.5 percent of the gross domestic product, according to a report released on Wednesday by international management consulting firm McKinsey & Company.
The report, believed to be the first to study the impact of the Internet on the country’s economy, found that the local Internet economy accounted for around NIS 50b. in 2009, or 6.4% of the GDP – after being nearly nonexistent in the early 1990s….