Mobile is a key enabler of innovation, digital inclusion and socioeconomic development in Latin America
By Jan Stryjak, GSMA Intelligence
The mobile ecosystem in Latin America continues to thrive and is experiencing rapid innovation, driven by growth in new technologies, services and use cases. Mobile operators across the region are contributing significantly to the Internet of Things (IoT) market, and the widespread availability and increasing adoption of mobile services has also spurred a paradigm shift in the creation, distribution and consumption of content in the region. In addition, mobile connectivity is a key enabler of digital inclusion and economic & social development in Latin America – it is the primary way to access the internet and therefore generates substantial benefits in areas such as financial services, health, education and entrepreneurship.
Just over two-thirds of the population across Latin America subscribe to mobile services, and the mobile industry makes a significant economic contribution to the region’s economy. In 2017, the mobile ecosystem generated 5% of GDP in Latin America, supported around 1.6 million jobs in 2017, and made a substantial contribution to the funding of the public sector through general taxation and sector-specific levies on the consumption of mobile services that exist in the region. Looking forward, the mobile industry’s contribution to the economy will increase as countries continue to benefit from the improvements in productivity and efficiency brought about by increased take-up of mobile services, and by 2025, around three quarters of the region’s population will be mobile subscribers.
For more information, please download The Mobile Economy Latin America and the Caribbean 2018 report, which will be published on Tuesday, 4 December at the start of Mobile 360 – Latin America event in Buenos Aires.