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US GDP boosted 3-4%. Why? Digital trade.

Digital trade is responsible for an estimated 3.4 percent to 4.8 percent boost in U.S. GDP, according to a new report released Thursday by the U.S. International Trade Commission. The report, Digital Trade in the U.S. and Global Economies, Part 2 , is the follow up to a report released by USITC in July 2013, conducted at the request of the U.S. Senate Committee on Finance. The most recent report concludes that domestic commerce and international trade conducted via the Internet has “far-reaching effects on the U.S. economy that have fundamentally transformed many aspects of the ways businesses operate and interact with one another.

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