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KPCB INTERNET TRENDS 2016 | 2016 Internet Trends Report

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KPCB INTERNET TRENDS 2016 | PAGE 38
5 Epic Growth Drivers Over Past 2 Decades =
Losing Mojo
Source: US Census, ITU, IMF, Stephen Roach, McKinsey, Bloomberg, US Bureau of Labor Statistics, UN Population Division
1) Connectivity Growth Slowing –
Internet Users rose to 3B from 35MM (1995)
2) Emerging Country Growth Slowing –
Underdeveloped regions developed – including China / Emerging Asia /
Middle East which rose to 69% of global GDP growth from 43%...
3) Government Debt Rising (& High) –
Spending rose to help support growth...Government debt-to-GDP
rose to 66% from 51% (2000) for 50 major economies
4) Interest Rates Have Declined –
Helped fuel borrowing – USA 10-Year Nominal Treasury Yield fell to
1.9% (2016) from 6.6% (1995)
5) Population Growth Rate Slowing & Population Aging –
Higher birth rates helped drive labor force growth – population growth rate
continued to fall – to 1.2% from 1.6% (1995)

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