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5G could generate billions for global GDP

(Image credit: Image Credit: Supparsorn / Shutterstock)

5G infrastructure will add billions to global GDP and tax revenue within the next decade and a half, a new report has said.

The GSMA claims that access to healthcare, education and mobility will be improved, safety increased, while pollution reduced. However such a positive outcome depends on the support of governments for the identification of sufficient millimetre wave (mmWave) spectrum for the mobile industry. 

GSMA’s report says $565 billion in global GDP and $152 billion in tax revenue could be added by 2034.

“Mobile operators have a history of maximising the impact of our spectrum resources and no one else has done more to transform spectrum allocations into services that are changing people’s lives,” said Brett Tarnutzer, Head of Spectrum, GSMA.

“Planning spectrum is essential to enable the highest 5G performance and government backing for mmWave mobile spectrum at WRC-19 will unlock the greatest value from 5G deployments for their citizens.”

“More than 5 billion people already rely on the mobile ecosystem to deliver services that are integral to their daily lives and fundamental to the economic sustainability of the communities they live in. 5G can offer more benefits and a whole new range of services to even more people, but this will not be possible without access to this vital spectrum.”

Countries in Asia Pacific and Americas expect to earn most, as they’re the earliest adopters ($212 billion and $190 billion in GDP, respectively). However, Europe is forecast to have the highest percentage of GDP growth attributable to mmWave of any region, with 2.9 per cent

Image Credit: Supparsorn / Shutterstock