What? GSMA’s report showed the impact of mobile industry in Latin America.
Why it matters?It revealed that the industry generated over 3.7 percent of Latin America’s GDP, contributing US $211 billion to the region’s economy.
GSMA has released an assessment of the impact of the mobile industry in Latin America.
The report, known as “Mobile Economy Latin America 2013,” revealed that during 2012 the mobile industry generated over 3.7 percent of Latin America’s GDP, contributing US $211 billion to the region’s economy.
353,000 men and women were directly employed by Mobile in the region and contributed over US $39 billion to public funding.
The sector is expected to generate 4.5 per cent of GDP by year 2020 and to directly provide 453,000 jobs. By year 2017, is projected to contribute US $50 billion in public funding.
By June 2013, there were 632 million connections and 319 million subscribers in Latin America, equivalent to penetration rates of 104 percent and 52 percent respectively and exceeding global average developing market penetration rates of 79 percent connections and 38 percent subscribers.
“Latin America is one of the most diverse regions in the world in terms of its economic and social development but is unified by the growing contribution of mobile. Future benefits will come increasingly from mobile broadband and new applications and services. However, the region urgently needs more transparent and predictable regulation to support this important opportunity,” said GSMA’s Chief Regulatory Officer Tom Phillips.
Source: Mobile Marketing Watch