Huawei

Huawei Brings Over 220,000 Jobs to Europe

The impact of Huawei’s operations in Europe is assessed using a standard analytical framework

Last updated:

In an Oxford Economics report released today titled The Economic Impact of Huawei, Huawei was found to have contributed EUR16.4 billion to Europe’s GDP and supported 224,300 jobs in 2019. The company also generated EUR6.6 billion in tax revenues for European authorities during that same time.

The study, commissioned by Huawei, seeks to quantify the company’s “total economic impact” throughout Europe, through both its operations and the “knock-on effects” of demand for European products in the supply chains of Huawei’s European and global operations.

In this study, Huawei’s total economic impact is measured in terms of its annual contributions to European GDP, jobs, and taxes. These are stimulated by Huawei’s operations within Europe, as well as the company’s spending on European suppliers from other parts of the world.

Huawei has also played an active role in R&D across Europe. The 2019 EU Industrial Investment Scoreboard ranked Huawei as the world’s fifth largest R&D investor. The European Patent Office also noted that Huawei topped its ranking for patent applications in 2019. “Investment in R&D—like that undertaken by Huawei—is crucial to a general increase in the productive capabilities in the European economy,” said Pete Collings, Director of Europe and Middle East Economic Impact Consulting at Oxford Economics.

Abraham Liu, Huawei’s Chief Representative to the EU Institutions, said,

“In 2019, Huawei’s operations generated a direct contribution of EUR2.8 billion to European GDP, an average growth of 11.4% annually over the past five years. In this unconventional year, Huawei has ensured stable, secure network operations to help people work and learn online. Huawei has operated in Europe for 20 years and has worked hard to deeply integrate into local communities to jointly promote industry development. In the future, we will continue to work with our partners to overcome new challenges and create more value.”

The Oxford Economics report evaluated the overall economic impact of Huawei on Europe, including Huawei’s contributions to European GDP, jobs, and taxes.

The full report can be read here.

Rapid Mobile

Rapid Mobile uses cookies, tokens, and other third party scripts to recognise visitors of our sites and services, remember your settings and privacy choices, and - depending on your settings and privacy choices - enable us and some key partners to collect information about you so that we can improve our services and deliver relevant ads.

 

By continuing to use our site or clicking I Accept, you agree that Rapid Mobile and our key partners may collect data and use cookies for personalised ads and other purposes, as described more fully in our privacy policy.

 

You can change your settings at any time by clicking Manage Settings or by visiting our Privacy Centre for more detailed information.

 

Privacy Settings saved!
Cookie Services

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies.Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

These cookies allow us to count visits and traffic sources, so we can measure and improve the performance of our site.

We track anonymized user information to improve our website.
  • _ga
  • _gid
  • _gat

Decline all Services
Accept all Services