This paper presents an analytical framework, understood as a set of interrelated attributes and analytical methods, aimed to enable the identification and characterization of a country's information economy. This characterization is in terms of the size, structure, and dynamics of an information economy, and more specifically its economic value created, labour input, jobs, and their wages. An application of the proposed analytical framework has the potential to uncover hidden economic structures and processes, which in turn may guide policy formulation for future job creation, educational efforts, and business environment stimulation, all aimed at a positive economic development.