Skip to Content
Huawei brings over 220,000 jobs in Europe

Huawei brings over 220,000 jobs in Europe

Brussels, November 6, 2020 - In an Oxford Economics report released today titled 'The Economic Impact of Huawei', Huawei was found to have contributed EUR 16.4 billion to Europe's GDP and supported 224,300 jobs in 2019. The company also generated EUR 6.6 billion in tax revenues for European authorities during that same time.

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. Pete Collings, Director of Europe and Middle East Economic Impact Consulting at Oxford Economics: "Investment in R&D—like that undertaken by Huawei—is crucial to a general increase in the productive capabilities in the European economy."

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

"In 2019, Huawei's operations generated a direct contribution of EUR 2.8 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.

Story image
Huawei EU Report Oxford Economics Huawei_EU_2020_report_WEB.pdf - 4 MB

 

 

 

About Current Global - Huawei Belgium

About Huawei

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world.

About Current Global

Current Global is a global communications agency. The agency delivers results-driven, award-winning campaigns for clients around the world.