The growth of the ICT sector is having a real and positive effect on the world’s economy. The extent of the direct impact of the ICT sector will depend on the sector’s share and proportional growth in the overall economy. With the exception of major ICT producing countries, such as the US, China, and the Republic of Korea, the growth of the ICT production and services industry is likely to have a limited direct impact on the economy. Instead, the key economic impact of the spread and use of ICTs is indirect, by transforming the way individuals, businesses and other parts of the society work, buy and interact. The beneficial impact of ICTs on productivity – which can help reduce poverty – is of particular interest as ICT diffusion levels across all countries rise.