Internet economy in Saudi Arabia forecast to reach US$25.5 billion by 2016, 3.8% of GDP - bi-me.com

The Saudi Internet economy contributed SAR37 billion (US$9.9 billion) to the overall Saudi economy in 2010, representing 2.2% of GDP, and putting Saudi Arabia at 13th place amongst the G-20 countries.

This figure is projected to rise to SAR107 billion (US$28.5 billion) by 2016, representing 3.8% of GDP, according to a new report in The Boston Consulting Group’s Connected World series.

It found that by 2016 the total size of the G-20 Internet economy will be $4.2 trillion, equivalent to 5.3 percent of GDP, up from $2.3 trillion or 4.1 percent in 2010.

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