On 18 May 2017, an international analysis of the ICT sector showed the EU ranked third in terms of value added in 2014.
The figures come from the European Commission Joint Research Centre’s (JRC’s) latest edition of its Prospective Insights in ICT R&D (PREDICT) report. The 20-year view over 40 countries offered by the report shows the ICT sector has tripled in value added in the last 20 years.
The ICT sector received a high share of the total R&D business expenditure at global level in 2014, with almost a quarter of total business expenditure in R&D being in the ICT sector at global level (16% in the EU). The U.S. was the leader in business expenditure on research and development, spending €64 billion in 2014, followed by China (€33 billion) and the EU (more than €29 billion).
Since 1995, when neither Google, Facebook nor Wikipedia existed, an MP3s, DVDs and USBs were new, the U.S. ICT sector doubled, the EU’s multiplied by 2.3.
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