QJ.NET | Videos | Forums | iPhone | MMORPG | Nintendo DS | Wii | PlayStation 3 | PSP | Xbox 360 | PC | Downloads | Contact Us

Video game industry growth beats U.S. economy four to one

Posted Nov 28, 2007 at 09:42PM by Nicolo S. Listed in: Nintendo DS, Wii, PlayStation 3, Xbox 360, MMORPG, Games for Windows Tags: ESA, California, Virginia
Ó

Entertainment Software Association logo - Image 1 


Saying the video game industry is growing faster than the U.S. economy is no understatement, because the Entertainment Software Association's (ESA) latest report shows gaming's growth ran laps around national economy and exceeded its growth four to one.

According to the report by ESA, the video game industry experienced more than 17% annual growth rate from 2003 to 2006. The U.S. economy only saw 4% growth during the same period. Here's the gist of it:
  • The computer and video game industry’s value added to U.S. Gross Domestic Product (GDP) in 2006 was $3.8 billion; 
  • In 2003-04 and 2005-06, the industry’s contribution to real growth exceeded its share of GDP by more than four to one;
  • The entertainment software industry directly and indirectly employs more than 80,000 people in 31 states; and,
  • U.S. industry employees received total compensation of $2.2 billion.
40% of the industry's workforce can be found employed in California. It's also worth noting that Virginia, another major player, saw growth of the video game industry 172 times faster than the commonwealth.

Permalink  |   Email this  |   Linking Blogs   |   Digg It!

Bookmark / Find this article on:

25 Jumps     New version of Custom Firmware GEN already in the works?
12 Jumps     Guerrilla celebrates Killzone anniversary with Double XP Weekend
11 Jumps     Free Uncharted 2 multiplayer map, leaderboards coming this Friday
10 Jumps     Sony limits PSN content use on PS3s
8 Jumps     Tekken 6 PSP - Lars pwning Azazel
8 Jumps     PSP homebrew - DayPR Rev.6 beta
6 Jumps     PlayStation Store US Update - 11/24/09
6 Jumps     Datel sues Microsoft over memory device lockout
6 Jumps     New Final Fantasy XIII vid kicks serious ass
5 Jumps     Far Cry 3 in development

3 Comments


Sort by:
   by Payka - 2007-11-29
 » And?
Surely results like this are expected


   Re: Advertising -


   Re: The Obsidian - 2007-11-29
 » Yep
Makes sense
   by shabghai360 - 2007-11-29
 » logical
At a time when entertainment is of value and when smokers can no longer smoke in public or a Bar? Where we can enjoy our own environment but still connect with others to play online, this growth is also the balance to the decline in revenue obtained by the video arcades etc.



Contact Us:

The QJ.net Network

RSS Feeds
Site Feed
QJ.NET RSS
Nintendo DS RSS
PlayStation 3 RSS
PSP Updates RSS
Wii RSS
Xbox 360 RSS
MMORPG RSS
Personal Computer Games RSS
iPhone - iPod Touch RSS
QJ.NET Forums RSS
Add QJ.NET
Add to My Yahoo!
Google Reader Subscribe with Bloglines
Add to your Kinja digest Subscribe in NewsGator Online
Subscribe with Pluck RSS reader Add 'www.qj.net' to Newsburst from CNET News.com
Subscribe with SearchFox RSS del.icio.us www.qj.net
Add to Technorati Favorite! Add to My AOL
furl! it Stumble for Treehugger!
User Favorites - November
Most Commented
(167)
(145)
(93)
(78)
(63)
(56)
(51)
(50)
(47)
(41)
(36)
(35)
(35)
(34)
(33)
(33)
(30)
(29)
(28)
(27)
User Favorites - November
Top Jumps
Team Typhoon shows CFW/HEN .. (256)
FreePlay: eLoader for the P.. (173)
PSP FW 6.20 coming tomorrow.. (142)
FreePlay's PSP Go exploit .. (124)
mathieulh: That exploit was.. (121)
New version of Custom Firmw.. (120)
Rumor: Sony bringing Firefo.. (118)
Digital Foundry: Nintendo-n.. (114)
Modded Xbox 360 banned? Unb.. (98)
PS3 FW 3.10 update coming t.. (97)
PS3 cross-game chat confirm.. (84)
Tekken 6 for PSP has gone g.. (84)
Wii homebrew - Custom IOS38.. (83)
PSP homebrew - DaedalusX64 .. (80)
PS3 firmware update v3.10 i.. (79)
PlayStation 2 now officiall.. (77)
Adhoc Party finally coming .. (77)
PSP homebrew - s9xTYLmecm 0.. (74)
PS3s being used to catch ch.. (74)
Kaz Hirai: current PSN serv.. (70)
Send your freeze reports st.. (67)
US Air Force to buy 2,200 m.. (67)
PSP homebrew - DaedalusX64 .. (64)
Serious gaming bling: 24k g.. (60)
From HD to 3D - Sony upgrad.. (59)

 Username: 
 Password:
Forgot password
New user registration



Categories

Archives



Use of this Web site constitutes acceptance of the TERMS & CONDITIONS and PRIVACY POLICY
Copyright © 2009, QJ.NET. All Rights Reserved.
Contact Us