The Internet Economy Was $300 Billion a Year in 1998

• The University of Texas's Center for Research in Economic Commerce, in a study funded by Cisco, has estimated the internet economy at $301 billion of value in 1998.
  
• They attribute 1.2 million jobs to the internet economy as well.
  
• Note that the U.T. estimates are fully three to four times the size of the PPI's estimates once one takes account of the different periods covered.
  
• To our minds the major lesson of the U.T. study is that soon it will be impossible to talk about an "internet economy." The internet will be so much a part of daily life that it will be as impossible to separate out the internet economy as it is to separate out the electricity economy.

 

Source: University of Texas Center for Research in Economic Commerce (1999), "Internet Indicators" (Austin: U. of Texas); http://www.internetindicators.com/