25 July 2018
A new index from our Swedish member think tank, Timbro, reveals the size of the sharing economy using traffic data and automatic count of suppliers worldwide.
“The Timbro Sharing Economy Index is the first global index of the sharing economy. The index has been compiled using traffic volume data and scraped data, and provides unique insight into the driving factors behind the peer-to-peer economy”, says head researcher Alexander Funcke, Ph.D.
Previous reports on the size of the sharing economy have employed surveys or self-reported indicators. For the Timbro Sharing Economy Index, researchers have collected monthly traffic data for 286 services in 213 countries. A complete count of active suppliers was also conducted for 23 of the 286 services using automated web scraping techniques.
Malta (3), Croatia (6), Denmark (8) and Ireland (10) are the top EU countries on the list.
“Generally, countries with a mature Internet infrastructure and a tourism-fueled economy have large sharing economies. Consider Iceland. As the Icelandic economy was recovering from the financial crisis, the country saw a spike in tourism. The sharing economy grew rapidly to meet the demand, in a way that is hard to imagine a traditional tourist industry could have done”, says Alexander Funcke.
View the full press release here.