And the winners remain China and India

The BECH Index 2020 – Corona version
The BECH Index
We changed the algorithm behind the BECH Index from 2016 onwards. We still use the Gross Domestic
Product 9 (GDP) Purchasing Power Parity version that adjusts for the differences in the cost of
living and price levels across the world. For this report the GDP data has been downloaded from the
IMF website.
The BECH Index uses the GDP composition on agriculture, industry and services. We assume that
the demand for information technology will grow as a society moves from dependency on agriculture,
through being dominated by industry to mainly producing services. We recognise that the productivity
improvements that enable a society to survive and prosper with relatively small portions of
the GDP coming from agriculture and industry is enabled and supported by information technology
(and free international trade). However, we presume that the post-industrial activities are consuming
far more information technology products and services than the primary and secondary sectors 10 .
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9
The GDP is a monetary measure of the market value of all final goods and services produced in a period (quarterly
or annually). Nominal GDP estimates are commonly used to determine the economic performance of a
whole country or region, and to make international comparisons.
10
The new BECH Index is based on the three-sector theory: https://en.wikipedia.org/wiki/Three-sector_theory
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