SDG 8: Decent work and economic growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
ICT's role in reaching this goal
ICT's role as a source of economic growth, productivity enhancer, job creator and generator of consumer surplus has been found to be positive in several studies globally and at country level (ITU 2012; Khuoung Vu 2011; McKinsey Global Institute 2011; World Bank 2009; Fornefeld et al 2008). Studies also find that an increase in broadband penetration of 10 percent stimulates economic growth by 0.43-1.38 percent (World Bank 2009). ICT infrastructure is increasingly recognized as a key technology for development overall, with education, health, transport and energy ministries all seeking to increase efficiency and productivity through smarter access to and use of ICT. The Broadband Commission for Digital Development produces an annual State of Broadband Report that highlights many of these benefits.
The World Bank has recorded a massive 20 percent drop in the numbers of unbanked consumers, with the figure of 2.5 billion unbanked being reduced by around 700 million as adults worldwide joined the formal banking system and became account holders between 2011 and 2014. Technology, and in particular mobile money, is seen as playing a pivotal role in expanding access to banking services.
ICT solutions making an impact
Rural coverage, Tigo Tanzania
This public-private partnership resulted in an infrastructure that connects 13 million rural people. The energy-efficient site solutions reduced TCO by up to 40% for the operator Tigo. 13+ million unconnected people are now able to access the internet via mobile broadband, providing digital inclusion with new services and opportunities.