Video game industry growth beats U.S. economy four to one |
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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 industryÂ’s value added to U.S. Gross Domestic Product (GDP) in 2006 was $3.8 billion;
- In 2003-04 and 2005-06, the industryÂ’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.
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Comments [refresh]
Surely results like this are expected
Makes sense
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.