09/27/2009 05:12 am ET Updated May 25, 2011

Apple App Economy Worth $2.4 Billion, More Than Somalia's GDP

Apps, apps everywhere, but just how big is Apple's app economy anyhow? Chances are, it's bigger than you think. According to mobile ad startup AdMob, $200 million in apps are downloaded each month, making the App Store worth about $2.4 billion per year. To place that in context, that's slightly less than the nominal gross domestic product of Somolia, and quite a bit more than the GDP of Central African Republic.

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