That's one per cent of European Economic Area GDP.
New stats from the GSMA's Mobile Observatory series (European edition) re-state the contribution the mobile industry makes to the European economy (or what's left of it).
It says that in addition to the GDP contribution, mobile also puts 83bn euros into public funding, directly employs 370,000 Europeans and 'induces' the employment of 1.3 million more.
The report also suggests that mobile is vital for future economic growth, and that by matching US levels of ICT investment, European states could add an additional euro 760 billion to their collective GDP by 2020, which represents a five per cent increase over forecasts.
Overall, the mobile penetration rate in Europe is 128 per cent in Europe (versus 100 per cent in Japan and 104 per cent in the United States). This represents 656 million individual subscriptions held by an estimated 456 million Europeans (89 per cent of the population)
Meanwhile mobile broadband is forecast to continue growing at over 90 per cent for the next five years, driving service innovation areas such as:
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* New communication tools beyond voice, text and VoIP
* Entertainment/multimedia rich content
* Mobile payment/NFC
* Retail/marketing
* Mobile monitoring/mHealthcare
* Cloud storage
Anne Bouverot, director general, GSMA, said: "The Observatory's findings show that the mobile industry is a critical business sector in Europe; in just 20 years, the mobile industry has grown to become comparable in size to aerospace and larger than pharmaceuticals, with total revenues amounting to euro 174 billion in 2010 and creating an estimated 1.7 million jobs."
The report can be downloaded at: www.gsmworld.com/MO
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