Software industry’s impact in 2020: 15.8 million jobs and $933 billion to the US economy

The impact far outpaced the 2% growth of total U.S. GDP over a two-year period, according to an industry report.

Image: iStockphoto/monstArrr_

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The software industry provides 15.8 million jobs to the U.S. economy and is growing faster than overall GDP, according to a new report from There are 3.3 million people directly employed in the industry and 12.5 jobs supported indirectly. 

The industry added $1.9 trillion in total U.S. value-added GDP in 2020, which is a 17.1% increase over two years. Software’s economic impact far outpaced the 2% growth of total U.S. GDP over that same period, according to “Software: Supporting the US Through COVID.” The software industry directly contributed $933 billion to the U.S. economy in 2020, a…

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