Measuring the Digital Economy's Impact on U.S. GDP Growth

This report examines the influence of the digital economy on the U.S. GDP, specifically highlighting its growth and job creation. Led by Harvard Business School Professor Emeritus John Deighton, the 2025 edition of the IAB’s quadrennial study reveals that the digital economy contributes $4.9 trillion, accounting for 18% of the U.S. GDP and supporting 28.4 million jobs. The report indicates that a significant portion of recent job growth, approximately 70%, stems from independent creators, e-commerce entrepreneurs, platform workers, and large integrated tech companies. It also details the digital economy's impact on Connecticut, noting that the state has seen a substantial increase in internet-dependent jobs, growing from 200,000 in 2020 to an estimated 1.5 million by 2024. Additionally, the report provides statistics on internet-dependent jobs across various Connecticut congressional districts, illustrating the digital economy's reach and significance in local job markets.