Deloitte says Facebook is worth £12.7bn to EU economy
Posted in: Internet Use/New Technologies at 25/01/2012 16:46
A new study from Deloitte estimates that Facebook's economic impact is worth £12.7bn to the EU and Switzerland, supporting over 232,000 jobs.
The report, which was commissioned by Facebook, found that in the UK alone it supports 35,200 jobs and contributes £2.2bn to the country's GDP.
Facebook 'adds £2bn to UK economy' and supports 35,200 jobs
Facebook estimates that it benefits the UK to the tune of more than £2bn a year, including the development of an almost £500m "app economy" that has sprung up around the world's most popular social networking website.
The company commissioned a study by Deloitte, which concluded that Facebook supports 35,200 UK jobs and fuels £2.2bn to UK GDP each year, and published the document at the DLD conference in Munich on Tuesday.