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Deloitte Report Says That Facebook Adds More Than $200 billion to Global Economy

Deloitte Report Says That Facebook Adds More Than $200 billion to Global Economy

Enterprise & IT Jan 20,2015 0

A report by Deloitte, commissioned by Facebook, estimates that the company, with an approximately $8 billion cost base, enabled global economic impact of $227 billion and 4.5 million jobs around the world in 2014. More specifically, Deloitte?s report looks at how Facebook stimulates economic impact by providing 1) tools for marketers; 2) a platform for app developers; and 3) demand for connectivity, meaning data usage and mobile devices.

Jolyon Barker, Deloitte's Global Managing Director, Technology, Media & Telecommunications, says of the report, "Our study finds that Facebook enables significant global economic activity by helping to unlock new opportunities through connecting people and businesses, lowering barriers to marketing, and stimulating innovation."

"Across the world there is a greater urgency about creating jobs," says Facebook?s Chief Operating Officer, Sheryl Sandberg. "The good news is that the tech industry is powering the economy and creating jobs within and beyond its own campuses. Every day, businesses of all sizes, sectors, and skill sets are using the Facebook platform to grow and expand."

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