Industries in Depth

Chart of the day: US spending on video games is now bigger than the GDP of Bahrain

Guillermo, a son of unemployed Aguasanta Quero, 38, plays a video game in the apartment where they live in the Andalusian capital of Seville, southern Spain May 23, 2012. More than 30 struggling families are occupying an apartment in Seville in southern Spain that has been empty since it was finished three years ago. The building is one of hundreds of thousands of ghost constructions gathering dust all over Spain that banks and property developers are unable to sell. Most of the occupiers of the flats, which have brand-new wooden floors with sparkling double glazing, have been thrown out of their own homes by landlords or bailiffs after they defaulted on their mortgage or could not pay the rent.   Picture taken May 23, 2012.          REUTERS/Marcelo del Pozo (SPAIN - Tags: BUSINESS SOCIETY) ATTENTION EDITORS - PICTURE 8 OF 30 FOR PICTURE PACKAGE 'SPAIN'S AUSTERITY SQUATTERS' - GM1E85S1FXY01

Gaming is not just popular among boys and young men. Image: REUTERS/Marcelo del Pozo

Johnny Wood
Writer, Forum Agenda
Share:
Our Impact
What's the World Economic Forum doing to accelerate action on Industries in Depth?
The Big Picture
Explore and monitor how The Digital Economy is affecting economies, industries and global issues
A hand holding a looking glass by a lake
Crowdsource Innovation
Get involved with our crowdsourced digital platform to deliver impact at scale
Stay up to date:

The Digital Economy

Video gaming has come a long way since the launch of the first commercially successful game in the 1970s. Pong had two rectangular white blocks representing table-tennis bats, which beeped and bounced a digital dot back and forth across a plain background.

From such simple beginnings, video games have morphed into a world of colour, action and sound where lifelike graphics immerse players in evermore imaginative ways. At the same time, the gaming industry has developed into a multibillion-dollar juggernaut.

Games like Fortnite, the world's biggest selling video game to date, incorporate an addictive mix of action, adventure and lifelike graphics. Gamers can buy V-Bucks, Fortnite's in-game currency, to upgrade characters and unlock new player levels.

Image: Statista

In 2017, spending on video games in the US reached $29 billion, up from just $17.5 in 2010. When consoles and accessories are added to the mix, the figure totalled $36 billion.

This is how that looks in context:

  • It's more than Bahrain's gross domestic product for the same year - which as the chart below shows has risen rapidly.
 Bahrain's GDP reached $35.307 billion in 2017.
Bahrain's GDP reached $35.307 billion in 2017 Image: The World Bank

Who’s driving gaming growth?

Gaming is not just popular among boys and young men. In fact, adult women represent 33% of all video game players in the US, almost double the proportion of boys aged under 18 (17%), according to a recent study by the Entertainment Software Association (ESA).

Gamers are also older than you might think: players aged 18 and over make up more than 70% of the country’s gaming population; and the average age of a US gamer is 34 years old (32 for males and 36 for females).

Have you read?
Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

Sign up for free

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Share:
World Economic Forum logo
Global Agenda

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.

Industry government collaboration on agritech can empower global agriculture

Abhay Pareek and Drishti Kumar

April 23, 2024

1:44

About Us

Events

Media

Partners & Members

  • Join Us

Language Editions

Privacy Policy & Terms of Service

© 2024 World Economic Forum