Regional Formation and Development Studies

The online economy takes a huge role in today’s globalized world. Internet as a general purpose technology changes how companiesoperate, but it also changes the markets. The online economy has a huge effect on people’s everyday life, private and public companiesas well. The goal of this paper is to analyse the global online economy by countries of origin answering the question whichcountries dominate the internet. After deep literature survey on the subject the Alexa Top 500 database is used to analyse it by themost visited websites in the world. The analysis shows the online economy is dominated by the USA and China. Correlation analysisconfirms that GDP correlates with websites originating from that country. This means highly developed countries have better onlineeconomy with more websites, dominating the online economy.