5G technology expected to make various contributions to Jordan's GDP

2023.01.19

5G technology expected to make various contributions to Jordan's GDP

The recent introduction of 5G technology in the Kingdom of Jordan is a major development that has the potential to bring huge economic benefits to the country. This article examines the importance of 5G in Jordan and details its potential impact on the country's Gross Domestic Product (GDP).

Recently, Ericsson commissioned management consulting firm Analysys Mason to conduct a study titled "The Future Value of Mobility in Emerging Markets", which demonstrates the potential economic, consumer and environmental benefits of 5G connectivity in emerging markets in 15 countries. According to the results of the study, these markets will benefit, with an increase in GDP growth of 0.3% to 0.46% by 2035, and an estimated cost-benefit ratio of 3-7 times. Although Jordan is not one of the 15 countries in the study, we can still use the findings in the study to predict a strong link between 5G adoption and GDP growth in Jordan.

One of the main ways 5G is expected to contribute to Jordan’s GDP growth is through its ability to provide faster and more reliable connections. This is particularly important for Jordan, which has made various major efforts in recent years to position itself as a regional center for technology and innovation. 5G could give Jordanian businesses and individuals access to high-speed internet, enabling them to further participate in the global economy and take advantage of new opportunities for economic growth. It is worth mentioning that Jordan's mobile phone penetration rate has recorded a substantial increase in the second quarter of 2022. According to the Jordan Telecommunications Regulatory Commission, mobile phone users have reached 7.4 million.

In addition to improving connectivity, 5G can also promote innovation and enable the development of new technologies. The high speed and low latency of 5G can support a wide range of applications and services, including the Internet of Things (IoT), autonomous vehicles, and virtual and augmented reality. These are expected to boost Jordan's potential to create new businesses and jobs, as well as new technologies to improve everything from healthcare to transportation and agriculture.

Additionally, 5G has the potential to increase the efficiency and productivity of existing businesses, thereby boosting Jordan’s GDP growth. For example, 5G can save costs and increase efficiency by automating various processes through the adoption of new technologies. 5G will also enable businesses to reach new markets and customers through the use of online platforms and services.

Finally, the introduction of 5G in Jordan is expected to have a positive impact on the country’s tourism industry. Tourists take advantage of 5G to access high-speed internet while travelling, allowing them to stay connected and take advantage of online services such as booking and transportation. 5G technology can help create new tourism-related innovations, such as virtual and augmented reality experiences, which can provide tourists with near-real interactions related to tourism activities, which can attract more tourists to Jordan.

Although the full potential of 5G technology has yet to be realized, there is no doubt that 5G will create unprecedented experiences for individuals, businesses and society, making the unimaginable possible. The Kingdom of Jordan is poised to reap the benefits of 5G technology and its associated socio-economic benefits, while boosting industry and changing the way its citizens connect and interact.