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Mobile data driving economic growth

 

Rising 3G penetration and mobile data usage is playing a key role in driving economic growth, according to a new study published this morning by the GSMA and Deloitte.

The report claims to offer “the first estimates of the impact of mobile data usage on GDP growth in developed and developing markets.”

It calculates that a 10 percent shift from 2G to 3G penetration increases GDP per capita growth by 0.15 percentage points; while a  doubling of mobile data use leads to an increase of 0.5 percentage points in the GDP growth rate.

Countries characterised by a higher level of data usage per 3G connection – such as Russia, the UK and South Korea - have seen an  increase in their GDP growth of up to 1.4 percentage points.

Meanwhile, in developing markets, a 10 percent expansion in mobile penetration is said to increase productivity by 4.2 percentage points.

This story was published by Mobile Business Briefing.  Read the full report by clicking here
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