Video Game Industry Sees More Growth Than U.S. EconomyCategory: General News
Posted: August 10, 2010 06:22PM
While the U.S. economy slowly makes small strides to get back on track, it seems the video game industry doesn't need to make as large leaps since it has seen more growth over the last few years than the entire U.S. economy. The video game industry grew by 10.6 percent between 2005 and 2009 while it was 16.7 percent between 2005 and 2008. Now, it did drop some between 2008 and 2009 but on the whole the industry saw growth. Meanwhile the U.S. economy grew 1.4 percent between 2005 and 2009 and 2.8 percent between 2005 and 2008. That is a staggering difference between the two and just shows that one of our hobbies is having some serious growth. The Entertainment Software Association reports that about 120,000 people are employed either directly or indirectly by the gaming industry. That industry added $4.9 billion to the U.S. GDP (gross domestic product) and is also helping to create more careers for people. The six states with the highest number of game industry employees are, in order, California, Texas, Washington, New York, Massachusetts, and Illinois.
Game publishing revenue is down nearly five percent from 2008 to 2009, but overall, the video game industry helps to aid the economy. So keep buying those games everyone, it really is good for the economy.