Sunday, 14 May 2017

CompTIA: Tech Industry Has Huge Impact on U.S. Economy

We all know that, economically speaking, the IT industry is great, but sometimes it is useful to get an idea of its size. CompTIA can help, with the recent publication of the Instant Commerce Trade of 2017. This report, released May 3, helps to make some sense in the question "How important is high?".

Here are some examples of chewing:

● US exports of technology products and services reached 309 billion by 2016. (Source: American International Trade Association)
● Exports account for about a quarter of the revenue generated in the US technology industry as a whole. For every $ 3 spent by the United States on technology, another $ 1 coming from outside our borders.
● exports technology support 4 out of 10 jobs in US manufacturers.
● The five states for technology products include (in production order): Texas, California, Florida, Oregon, and Illinois.
● Mexico and Canada account for the bulk of technology exports ($ 74.8 billion to Mexico and Canada in 2016, about 25 percent of the total $ 309 billion this year).
● The United States has the largest trade surplus with Canada (almost 18 billion in 2016).

All this information and much more, is presented in the previous report, and is worth downloading and reading. (The registration is necessary for the site, but it is free for the public. CompTIA certainly does not, of course, so many readers were also enrolled in a premium subscription-based fees in the organization.)

It is interesting to note that, although money in general has increased in the export of goods and technology services, the product side declined slightly. In the figure of 309 billion dollars for 2016, $ 202 billion was for technology products and $ 107 billion for other services. This product number is compared to a duration of four years, as shown in the bar chart of cunning:

Keep in mind that in 2016 by the bar to a level between 2011 and 2012, with a variation of between 3.35% (2014) and 0.5% (2012). It's almost small enough to say that these numbers are pretty stable since 2011, which told me that technology exports keep their balance even in the face of sluggish global economic growth / non-growth.

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