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Report – US economy recipient of $5B in 2009 from game industry

Tuesday, 10th August 2010 17:32 GMT By Stephany Nunneley

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A study conducted on behalf of the Entertainment Software Association (ESA), has found the US economy was the lucky recipient of $5 billion in 2009 thanks to the gaming industry.

Released today, the study – titled Video Games in the 21st Century: The 2010 Report – was compiled by Economists Incorporated which found the industry’s annual growth rate exceeded 10 percent. When compared to the US economy’s growth as a whole, it’s seven times more.

“Despite a challenging economic environment, the entertainment software industry continues to grow and create new jobs at a rapid pace,” said ESA president Michael Gallagher.

“Computer and videogame companies have made an important contribution to our nation’s economy while stimulating technological innovations and expanding the impact of games on our daily lives.

“As the findings of this report suggest, the entertainment software industry is well positioned to sustain these economic and social contributions well into the future.”

The report also states the US gaming industry employs over 32K people, and the sector’s employment increased around 9 percent annually since 2005 with the average salary standing at $89,781.

Thanks, Edge.

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3 Comments

  1. troyx

    create new jobs at a rapid pace ?
    more like layoffs at rapid pace

    #1 4 years ago
  2. frostquake

    As someone who checks the pulse of the USA economy everyday, I can tell you we are still in HUGE trouble.

    Fannie Mae and Freddie Mac who own almost 50% of all mortgages in the USA, who were bailed out and told they would not get bailed out again, said yesterday that they will in fact fail if taxpayers don’t shell out another $40 Billion, that is right…$40 BILLION!

    On top of this, the GOV’T said that Mae and Mac have started the same practices that got them into trouble to begin with. Given out mortgages to those who can’t afford it. Can you imagine being able to buy a $5 Million dollar property with only $1000.00 down, and only be making $50K a year??? The catch is that Mae and Mac want people to fail at their mortgages because they make money on insurance they take out. Basically they give you a House you can’t afford and then they Bet against you Vegas Style and they make tons of money off you for failing, and then turn to the GOV’T and ask to be bailed out again, which the GOV’T does only with Taxpayers money of those who couldn’t afford the home in the first place…..

    You can frost a dead rat all you want, and keep piling the frosting on it it, but the rat is still dead underneath…the ECONOMY is DYING!!!!

    #2 4 years ago
  3. OlderGamer

    @2 Agreed, or rather GREED. Gotta love it. Not so much.

    #3 4 years ago

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