Internet to contribute $18.8 billon to Hong Kong's e-economy, says Google.(Brief article)

Internet search giant Google announced that the Internet is expected to account for $18.8 billion (7.2 percent) of the economy of Hong Kong by 2015. It said that this growth will be triggered by an increase in online shopping and mobile use. The city's digital market was worth $15.2 billion in 2009, equivalent to 5.9 percent to its GDP (gross domestic product). Google made this forecast in its report named "The Connected Harbour: How The Internet Is Transforming Hong Kong's Economy." The broadband penetration rate of Hong Kong is currently the sixth-highest in the world. Boston Consulting Group wrote the new report.