The Internet accounts for 21 percent of GDP growth over the last five years in mature countries and 2.6 new jobs for every one job lost.

The controversial idea that the Internet, while important, has not fundamentally altered the global economy or produced very much economic growth has generated a lot of debate this year. The McKinsey Global Institute provides additional evidence to counter this idea. In addition to the GDP and job growth, the report also finds that the Internet is associated with a 10 percent increase in productivity in small-and medium-sized businesses.