Internet Accounts for 3.3 Percent of Senegal’s GDP

It seems that internet has more positive than negative impacts in the lives of Kenyans and Senegalese, because a report from the McKinsey says shows a list of countries according to the contribution of internet to the local GDP.

The report which is titled The lions go Digital:The Internet’s transformative potential in Africa says that the overall GPD of Africa is as low as  1.1 percent.

In Senegal, the internet accounts for 3.3 percent of the GDP, earning the country a global ranking just behind that of the US, and in Kenya the internet is said to contribute 2.9 percent. Sweden takes the lead internationally as the internet contributes to 6.3 percent of the county’s economic growth.

McKinsey’s research suggests that the internet’s overall iGDP estimate is $18 billion per annum across the continent

Mobility is highlighted as a major source of potential revenue. It says revenue generated from this market segment is equivalent to 3.7 percent of Africa’s GDP – more than triple the amount within developed economies.

“In a baseline scenario, Africa’s iGDP could grow to at least 5 to 6 percent of GDP, matching that of leading economies such as Taiwan, the United Kingdom, and Sweden. However, if the Internet achieves impact on the same scale as mobile telephony in Africa, iGDP could account for as much as 10 percent of total GDP by 2025 – or some $300 billion,” the Report states.

It is clear that Kenyans do not use this technology just for fun but also to improve themselves. Now that the country’s government is keen on growing the ICT sector, it means that the growth will be exponential.