Capturing the Digital Economy

<p>This publication sets out a framework for measuring the importance of the digital economy in national and global production processes.</p><p><br></p><p>Amid the growing interest in the digitalization of socioeconomic activities there is a lack of consensus on an established framework to estimate the digital economy. This report proposes a definition of the core digital economy and an input-output analytical framework to measure it. Applying this framework to selected economies and years it finds that the digital economy and digitally dependent industries contribute a significant portion of gross domestic product. It examines key digital economy phenomena and trends in relation to sectoral links temporal price changes jobs global value chains the COVID-19 pandemic and Industry 4.0.</p>