Nokia: 5G deployments contribute to GDP growth – archyde

( – Nokia has said the 5G rollout could add a potential contribution of $ 8 billion to global gross domestic product (GDP) by 2030.

The Finnish telecommunications equipment maker said in a statement that 72% of large companies plan to invest in 5G over the next five years, despite the economic challenges of Covid-19.

This new Nokia study also reveals that in 8 countries – Australia, Germany, Finland, Japan, Saudi Arabia, South Korea, UK and US – 50% of businesses are 'halfway' when it comes to 5G readiness.

Nokia said its research also shows that just over a fifth of buyers of the technology (22%) said implementing 5G was not a current priority for their business.

Nokia's report comes as political leaders recently raised concerns about the rollout of 5G telecommunications networks, due to possible health risks.

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