Along with personal computers, the digital economy originated in the 1980s and quickly began to evolve, with information and technology becoming a bigger and bigger determinant of a country’s economic growth. A new stage of this evolution is now upon us, with explosive technology and data transformation now becoming one of the decisive factors of production.
The HSE Institute for Statistical Studies and Economics of Knowledge presents results of the pilot calculation of internal expenditures on digital economy development, based on data collected in the course of federal statistical observations and by the Bank of Russia. According to the HSE ISSEK estimates, in 2017 internal expenditures on digital economy development amounted to approximately 3.3 trillion roubles, or 3.6% of GDP.
The HSE Institute for Statistical Studies and Economics of Knowledge designed the Business Digitalisation Index which measures the rate of entrepreneurial sector organisations’ adapting to digital transformation in Russia, European countries, the Republic of Korea, Turkey, and Japan. The index is calculated on the basis of the following five indicators: broadband internet access, use of cloud-based services, RFID technology, and ERP systems, and participation in e-commerce.
Major exporters of information and communication technologies-based products (such as computers, communication equipment, household electronics, etc.) are China (32,3%), the US (9,7%), Singapore, and the Republic of Korea (7,6% each).