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China's "data GDP" will rack No 1 in the world

   Release date: 2019-07-15     Source: data GDP     Hits: 807     Comment: 0    
Note: 【GMTlight】Data GDP should be related to the Internet and big data.Gross Domestic Product (GDP) is the value of all the

gmtlight】Data GDP should be related to the Internet and big data.

Gross Domestic Product (GDP) is the value of all the final products and services produced in the economy of a country or region in a certain period of time (a quarter or a year). GDP is often recognized as the best indicator to measure the economic situation of a country. It not only reflects a country's economic performance, but also reflects a country's national strength and wealth.

If we rank according to GDP, the United States, China and Japan rank in the top three, which is quite different from the latest data GDP ranking.

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What is "data GDP"?

The so-called "data GDP" is put forward by Pascal Chakrawalti, a global business theory authority at Tufts University in the United States. It imitates Gross Data Product and takes its initials from gross, data and product.

It mainly evaluates a country's data economy scale from four indicators: data output, the number of Internet users, the convenience of network connection, and per capita data consumption.

The biggest difference between data GDP and GDP is data economy.


The state of national development is directly proportional to data GDP

From this ranking, data GDP reflects that the better the country's economic development, the higher the data GDP. But here's a question. Why does Japan rank third in GDP rank lower in data GDP?

"The penetration rate of Internet services is very high in developed countries, but because of ageing, the penetration reaches the ceiling," Baskar Chakrawalti said.  In addition, promoting service development centered on large enterprises is also the cause of stagnation.

In short: Although Japan is a developed country with a higher penetration rate of network services, due to Japan's serious aging and the majority of elderly people, their use rate of the network is low, resulting in less real Internet users in Japan.

Can China's data GDP continue to grow?

Mr. Niu at GMTLIGHT said that China has a huge Internet users, a huge data base, and China's data GDP has been growing rapidly. After three to five years or less, the ranking of data GDP will change. China is likely to rank first in the world.

(GMTLIGHT NEWS)


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