Report finds 4G transformed America's economy: Page 2 of 2

July 30, 2020 //By Jean-Pierre Joosting
Report finds 4G transformed America's economy
A report by Recon Analytics and CTIA shows that 10% of U.S. GDP growth from 2011 to 2019 was due to the wireless industry

Further highlights from the study include:

  • Between 2011 and 2019, U.S. wireless industry GDP grew 253%. In 2019, the industry contributed $690.5 billion to U.S. GDP, which would make America's wireless industry the world's 21st largest economy.
  • At the start of the decade, the wireless industry enabled 3.7 million U.S. jobs. By the end of the 4G decade, wireless-enabled jobs grew to 20.4 million — one out of every six U.S. jobs, which makes wireless the largest job contributor across all industries.
  • In 2010, an unlimited data, talk and text plan cost $113.87 on average for one line. By 2019, that same plan cost $64.95. That means U.S. subscribers now save $130 billion annually in wireless plan costs, without considering the added value of faster speeds, superior network availability and more powerful mobile devices available today.

"The report's findings make clear that 4G's impact in the U.S. can be felt across every meaningful measure, from job growth and network speeds to data traffic and GDP contribution," said Roger Entner, Analyst and Founder of Recon Analytics. "The trajectory of U.S. 4G development should serve as a guide to consider — and to enable — the full transformational power of the coming 5G decade."

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