West Africa’s mobile ecosystem generated more than $50 billion in economic value last year – equivalent to 8.7 per cent of the region’s GDP1, according to a new GSMA study. The 2019 West Africa edition of the GSMA’s Mobile Economy report series is published at the ‘Mobile 360 – West Africa’ event being held in Abidjan this week. The study finds that rising mobile phone ownership and the ongoing migration to mobile broadband networks and services across the region will see the mobile ecosystem’s economic contribution continue to increase over the coming years, forecast to reach almost $70 billion (9.5 per cent of GDP) by 2023.
Tag: west africa
Press Release: Mobile ecosystem to be worth more than $50 billion to West Africa economy by 2022
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Abidjan, Côte d’Ivoire: The mobile industry in West Africa is forecast to contribute more than $50 billion annually to the region’s economy by 2022, according to a new GSMA study published today at the ‘Mobile 360 – West Africa’ event being held in Abidjan, Côte d’Ivoire. The new report, The Mobile Economy: West Africa 2018, calculates that the region’s mobile ecosystem contributed $37 billion in value last year, equivalent to 6.5 per cent of GDP, and will grow to $51 billion (7.7 per cent of GDP) within five years. The economic contribution over this period will be spurred by strong subscriber growth and the move to mobile broadband networks and services.
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