Facebook Added $17.6 Billion To European Economy

Facebook has added almost $17.6 billion to Europe's economy, or 15.3 billion euros.

Facebook has added almost $17.6 billion to Europe‘s economy, or 15.3 billion euros.

So says a Deloitte analysis of the Facebook effect across the 27 countries comprising the European Union.

Richard Allan, director of public policy for Facebook Europe, summarizes Deloitte’s findings in a blog post:

  • Facebook adds an estimated 15.3 billion euros value to the European economy;
  • Facebook helps to support 232,000 jobs across Europe;
  • Increased businesses participation through advertising, customer referrals, and enhanced brand value is worth around 7.3
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