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Businesses The Almighty Buck Entertainment Games

Games Industry Growth Outpacing US Economy 54

Posted by Zonk
from the plenty-of-blocks-and-coins-to-go-around dept.
Gamasutra is reporting that the Entertainment Software Association believes the games industry has outstripped the US economy as a whole. In fact, the group found that the industry grew by an astonishing 17% between 2003-2006, some 13% faster than the general US economy. "The ESA states that the video game industry contributed $3.8 billion to the U.S. Gross Domestic Product in 2006. Though 24,000 are directly employed, according to the report in total 80,000 are employed directly and indirectly by the industry in 31 states and U.S.-based game industry employees received a total of $2.2 billion in compensation. Predictably, California is the largest employer in the video game industry, accounting for around 40% of the nation's industry jobs. California industry growth was 12.3% last year, which the ESA claims is "nearly three times faster" than the state's overall growth."
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Games Industry Growth Outpacing US Economy

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When some people discover the truth, they just can't understand why everybody isn't eager to hear it.