ODI / Lateral Economics — open data adds ~0.5% of GDP/yr more value than equivalent paid data (range 0.4-1.4% across studies)
Created 2026-06-20
Summary
Claim: Open Data Institute / Lateral Economics: open data adds ~0.5% of GDP/yr more value than equivalent paid data. Figure ranges 0.4-1.4% across studies (per data.europa.eu).
Source: theodi.org ; data.europa.eu.
Confidence: Verified (macro context).
Caveat: Macro estimate; not directly mappable to any single SMB. Pair with McKinsey — broad open-data ecosystems could add ~1-1.5% of GDP by 2030 in EU/UK/US (4-5% in India); forward-looking projection for the forward-projection sibling.
Why this matters for Candid: Useful one-line "open data is not a marginal phenomenon" framing in client conversations. Treat as context, not as evidence of any specific SMB outcome.
Related entries
Referenced by (3)
- reference Research brief: live data and data-driven tools for SMBs — when it's an edge, when it's overkill (June 2026) relates-to
- reference McKinsey — broad open-data ecosystems could add ~1-1.5% of GDP by 2030 in EU/UK/US (4-5% in India); forward-looking projection relates-to
- reference Caveats for the data-driven-tools brief: vendor self-reporting on conversion; enterprise-scale benchmarks; named-user quotes; macro projections relates-to