2012
This post was written by Andrew Nattan
When it comes to doing business online, the United Kingdom leads the world. A new study by the Boston Consulting Group has revealed that online business accounts for a larger proportion of the economy in the UK than anywhere else in the world.
8.3% of the UK’s GDP (Gross Domestic Product) comes from online sources, which means that internet business contributes more to the country’s economy than healthcare, education or even construction – and it’s forecasted to keep growing at a breakneck speed.
In 2010, 13.5% of all retail purchases were made online in this country, and that figure is predicted to rise to 23% by 2016. In monetary terms, that means that the £121 billion pumped into the economy by the web two years ago could become a huge £225 billion within a few years.
Amazingly, the UK’s online economy is predicted to grow at a faster rate than either of the two largest economies in the world. While our internet economy will grow by 11% per year, China will peak at 6.9% yearly growth, with the USA lagging behind on 5.4%.
Internet Addicts
The study also shows that we’d all find it hard to live without a broadband connection. When quizzed, British people all claimed that they’d give up the following things for a year if it meant they could keep their internet connections:
- Sex – 25%
- Alcohol – 65%
- Chocolate – 76%
- Coffee – 78%
Who will this benefit?
Analysts predict that continued growth in the digital economy will benefit small and medium-sized businesses the most, as more and more consumers decide to do their shopping online. And FirstFound know from experience that when people want to buy a product using the internet, their first port of call is usually a search engine.
If you’d like to make sure your website is in prime position to take advantage of the increase in online shoppers, call FirstFound now on 0161 909 3400.
Follow FirstFound on Facebook
Follow FirstFound on Twitter
Follow FirstFound on Google+
0 comments:
Post a Comment