.jpeg "Calculate the losses of your country or any country in the world in the event of a one-day internet shutdown")
Impact of Internet Disruption on the Global Economy
What are the economic effects of a one-day internet shutdown on the world economy? Atlas VPN, an online security company, conducted a study to understand the impact, revealing the ten most affected countries and how it could affect people worldwide. Despite Arab countries not topping the list, the report indicates that the impact would be catastrophic.
According to the study, the total losses are expected to exceed $43 billion. The analysis relies on the cost of internet disruption (NetBlock), a tool that calculates the economic impact of internet shutdowns, using indicators from the World Bank, the International Telecommunication Union (ITU), and the U.S. Census Bureau.
Economic Sectors Most Affected by Internet Disruption
The economic sectors most affected by internet disruption include:
- E-commerce: Internet disruption will hinder e-commerce operations, leading to revenue loss and disruptions in supply chains.
- Financial Services: Internet disruption will impede banking and investment operations, resulting in revenue loss and increased costs.
- Transportation: Internet disruption will disable transportation systems, disrupting traffic flow and trade.
- Education: Internet disruption will disrupt education systems, leading to revenue loss and disruptions in the learning process.
How to Use the NetBlock Cost Internet Disruption Cost Calculator tool :
The NetBlocks tool for the Cost of Shutdown Internet (COST) estimates the economic impact of internet disruptions, mobile data outages, or application restrictions using indicators from the World Bank, the International Telecommunication Union, Eurostat, and the U.S. Census Bureau.
To use it, simply visit NetBlock Cost website, where you'll find a page with a list of countries. Choose your country or any country you want to know the losses due to internet outage for a day, several days, or weeks.
After selecting the country, full details of the cost of an internet outage will appear.
Table of the ten countries most affected by internet outages
| Rank | Country | Expected Losses ( billion USD) |
|---|---|---|
| 1 | United States | 11.3 |
| 2 | China | 10.2 |
| 3 | United Kingdom | 3.3 |
| 4 | Japan | 3.1 |
| 5 | Germany | 1.5 |
| 6 | Canada | 1.4 |
| 7 | India | 1.3 |
| 8 | France | 1.2 |
| 9 | Italy | 1.1 |
This list shows that the United States and China will be the countries most affected by the internet outage. This is because they are the world's two largest economies, and both rely heavily on the Internet for business and commerce and you can know your country's losses in the above way.
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