ICT drives 50% of EU growth

See this press release. From the press release:

The ICT sector continues to grow faster than Europe's overall economy, according to the i2010 second annual report. ICT contributed nearly 50% of EU productivity growth between 2000 and 2004, with software and IT services currently the most dynamic growth area (5.9% for 2006-2007).

The report also shows that businesses are investing in new and more mature ICT solutions, and Europeans are quickly embracing new online services. This is supported by a record number of new broadband connections: 20.1 million new broadband lines (see IP/06/1122), connected in the year to October 2006, with high broadband penetration rates in The Netherlands (30%) and the Nordic Countries (25-29%). The online content market is forecast to grow rapidly for the next five years, as already seen with the explosive growth of online music sales and user-created content (see IP/07/95).