Open and shared data could add US$2.8 billion annually to Dubai’s economy by 2021 | 2017-05-31 | OpenGovAsia

lterrat's bookmarks 2017-06-01

Summary:

"A Data Economic Impact Report commissioned by the Smart Dubai Office estimates that open and shared data has the potential to add 10.4 billion AED (US$2.83b) to the economy every year, by 2021.

This contribution is in terms of Gross Valued Added (GVA), which is a measure of the contribution to an economy made by a firm, sector or activity. GVA is directly linked to Gross Domestic Product (GDP). it excludes taxes and subsidies on products/ services.

The three biggest value drivers are expected to be the transport, storage and communication sector; the public administration sector; and  the wholesale, retail trade, restaurants and hotels sector.

The report estimates opening government data alone will result in an added value in the range of AED 4.3 to 6.6 billion (US$1.2-1.8b) annually as of 2021, equivalent to approximately 0.8% to 1.2% of Dubai’s forecasted GDP for 2021."

Link:

http://www.opengovasia.com/articles/7654-open-and-shared-data-could-add-us28-billion-annually-to-dubais-economy-by-2021

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Date tagged:

06/01/2017, 12:48

Date published:

06/01/2017, 08:48