The wireless industry contributed $194.8 billion a year to the domestic U.S. economy and is estimated that the latter sector's GDP impact to be at $282.1 billion, according to a recent report published by Recon Analytics for CTIA.
The study also revealed that roughly more than 4.6 million Americans are directly (or indirectly) employed by the wireless industry. Direct jobs increased 64 percent from 2011 to more than 642,000 across America. The “app economy,” which was emerging 10 years ago, grew from $10 billion in 2011 to become a $36 billion in 2014.
Meanwhile, the impact of this burgeoning industry has also had an impact on a global scale, reaching nearly $340 billion, an increase of 7.1 percent from 2011.
Today, the wireless industry contributes more to America's economic growth than the auto, agriculture, hotel or motion picture industries, reports said.
The report describes a relationship between economic growth and the availability of spectrum. Its analysis of historical data shows that every 10MHz of additional licensed spectrum boosts GDP by more than 2.4 percent to reach $18.7 trillion in 2015.