Mobile phone boom spurs economic growth in Bangladesh

Thursday, May 11, 2006

Bangladesh’s booming mobile phone industry has emerged as a key driver of the cash-strapped nation’s economy, creating nearly 240,000 jobs and adding 650 million dollars to gross domestic product (GDP).

“The mobile phone industry in Bangladesh employs 237,900 people directly and indirectly. These are well-paid jobs with salaries many times the national average,” said the study by the international consultancy firm Ovum.

Bangladesh is one of the world’s poorest nations with nearly half its 140 million population surviving on less than a dollar day. Around 70 percent depend on agriculture to make their living.

The study commissioned by the GSM Association (GSMA), a global industry body of 690 operators, found that the mobile services industry contributed 650 million dollars to Bangladesh’s GDP annually.

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Source: Yahoo! News (link opens in a new window)