Where the Biggest Telecom Investments Are Happening Around the World

From social media to online shopping, modern life runs on connectivity. Behind that seamless experience sits a massive, often invisible network of infrastructure, fiber optic cables, data centers, cellular towers, built and maintained by the world’s telecommunications providers.

To keep pace with growing demand and quick shifts in technology, telecom companies pour billions into upgrading their networks each year. These investments form the backbone of the digital economy, enabling everything from mobile banking to video calls.

A recent dataset from the International Telecommunication Union (ITU) breaks down which countries are spending the most on telecommunications. The numbers reflect capital expenditures by providers of mobile and broadband services, including everything from infrastructure builds to network maintenance.

U.S. and China Dominate the Field

The United States tops the global rankings with over $107 billion in telecom investment, based on the latest figures from 2022. That level of spending reflects the scale of the American telecom market, home to giants like Verizon, T-Mobile, and AT&T, all of which operate across vast geographies and serve millions of customers.

China follows with an estimated $59.1 billion in spending in 2023. Its telecom sector remains largely state-controlled, with China Mobile, serving more than a billion subscribers, leading the charge. Massive government-backed infrastructure projects and aggressive 5G rollout plans have kept investment high.

Asia’s Other Big Spenders

Japan and India round out the top four. Japan reported $23.3 billion in telecom investment, while India, despite offering some of the world’s cheapest mobile data rates, saw expenditures of $16.1 billion. Both countries have seen surging demand for mobile connectivity and digital services in recent years.

Europe’s Share of the Pie

Seven of the top 20 investing countries are in Europe, where widespread adoption of 5G and dense urban infrastructure continue to drive capital spending. Germany leads the continent with $16.2 billion invested, followed closely by France at $14.9 billion and the UK at $12.3 billion. Major European players like Deutsche Telekom and Orange have expanded aggressively within and beyond the continent.

Other notable entries in the top 20 include Canada ($9.88B), Iran ($9.16B), and Australia ($6.47B), highlighting a wide global distribution of telecom spending.

Why It Matters

Telecom investment goes far beyond faster downloads and smoother video calls, serving as the foundation for critical services in healthcare, education, logistics, and finance. Countries that invest heavily in this sector position themselves to compete globally in areas such as cloud computing, AI integration, and digital commerce.

While spending amounts vary widely, ranging from over $100 billion in the U.S. to just a few thousand dollars in smaller or low-income nations, the global telecom landscape continues to evolve. As more of the world moves online, the countries leading these investments will likely set the pace for future innovations in connectivity and digital infrastructure.

EconomyValueYear
United States$107B2022
China$59.1B2023
Japan$23.3B2022
Germany$16.2B2023
India$16.1B2022
France$14.9B2023
United Kingdom$12.3B2023
Canada$9.88B2023
Iran (Islamic Republic of)$9.16B2023
Italy$7.05B2023
Australia$6.47B2023
Korea (Rep. of)$5.87B2023
Spain$5.22B2023
Brazil$5.11B2023
Indonesia$5.04B2018
Russian Federation$4.44B2023
Netherlands$4.33B2023
Saudi Arabia$4.09B2023
Mexico$3.07B2023
Switzerland$3.04B2023
Belgium$2.72B2023
Poland$2.64B2023
Türkiye$2.21B2023
Thailand$2.06B2014
Argentina$1.89B2018
Taiwan, Province of China$1.88B2023
Nigeria$1.84B2022
South Africa$1.84B2023
Colombia$1.74B2009
Norway$1.69B2022
Philippines$1.68B2014
Egypt$1.55B2023
Denmark$1.53B2023
United Arab Emirates$1.43B2023
Chile$1.38B2023
Sweden$1.27B2023
Malaysia$1.14B2023
Israel$1.11B2022
Greece$1.09B2023
Ireland$1.09B2023
Peru$1.04B2023
New Zealand$991M2023
Portugal$916M2023
Czech Republic$878M2023
Viet Nam$871M2023
Austria$854M2023
Serbia$844M2023
Hong Kong, China$835M2022
Morocco$825M2023
Finland$770M2023
Algeria$755M2023
Pakistan$724M2023
Singapore$660M2022
Oman$624M2023
Uzbekistan$567M2023
Romania$562M2023
Kenya$551M2023
Hungary$523M2022
Croatia$521M2023
Ukraine$517M2023
Ethiopia$497M2022
Sudan$480M2014
Dem. Rep. of the Congo$458M2023
Jordan$431M2023
Angola$414M2023
Côte d'Ivoire$403M2023
Lebanon$390M2015
Slovakia$378M2023
Bulgaria$372M2023
Qatar$337M2023
Slovenia$334M2023
Ecuador$312M2013
Panama$312M2023
Bangladesh$295M2021
Dominican Rep.$295M2023
Myanmar$290M2021
Iraq$278M2017
Bolivia (Plurinational State of)$271M2021
Ghana$270M2021
Cuba$266M2018
Sri Lanka$254M2023
Costa Rica$249M2023
Yemen$243M2009
Belarus$243M2023
Honduras$241M2023
Senegal$235M2023
Benin$231M2023
Azerbaijan$230M2023
Cambodia$225M2023
Cameroon$224M2023
El Salvador$216M2016
Uruguay$216M2016
Bahrain$213M2023
Uganda$205M2011
Tunisia$198M2023
Kuwait$195M2023
Zambia$185M2023
Cyprus$182M2022
Mauritius$179M2012
Mali$170M2021
Kazakhstan$165M2022
Zimbabwe$160M2018
Tanzania$160M2021
Paraguay$148M2023
Madagascar$145M2023
Bosnia and Herzegovina$131M2023
Estonia$128M2023
Luxembourg$126M2022
French Polynesia$122M2018
Lithuania$121M2023
Jamaica$118M2013
Latvia$109M2023
Congo (Rep. of the)$108M2011
Mauritania$107M2023
Mongolia$97.5M2023
Togo$96.1M2023
Georgia$94.4M2023
Mozambique$94.2M2022
Armenia$93.9M2023
Burkina Faso$91.1M2020
Iceland$89.7M2023
Montenegro$82.5M2023
Moldova$80.6M2023
Kyrgyzstan$78.4M2023
Trinidad and Tobago$76.4M2023
Chad$75.7M2022
Niger$74.4M2022
Bahamas$74.2M2023
Botswana$71M2022
Brunei Darussalam$69.1M2023
Papua New Guinea$65.4M2000
North Macedonia$63.5M2023
Malta$57.6M2012
Rwanda$56.4M2023
Syrian Arab Republic$55.2M2013
Namibia$54.3M2023
Guinea$53.7M2018
Albania$45.6M2023
Eritrea$43.1M2013
Afghanistan$40.3M2022
Macao, China$39.7M2023
New Caledonia$37.6M2000
Bhutan$37.3M2023
Fiji$35.6M2020
Malawi$33.9M2022
South Sudan$31.1M2019
Barbados$30.9M2018
Seychelles$29.3M2023
Djibouti$28.8M2023
Nepal (Republic of)$25.2M2003
Aruba$24.6M2008
Liechtenstein$21.4M2023
Cayman Islands$21.2M2017
Jersey$18.5M2000
Gabon$18.2M2005
Saint Lucia$18.2M2018
State of Palestine$17.8M2018
Cabo Verde$16.6M2023
Maldives$14.8M2004
Guyana$14.6M2017
Belize$14M2012
Timor-Leste$13.9M2009
Eswatini$13.8M2022
Monaco$13.1M2019
British Virgin Islands$12.1M2018
Central African Rep.$11M2019
Bermuda$10.7M2004
Lesotho$7.59M2023
Guernsey$7.37M2000
Grenada$7.28M2014
Turkmenistan$7.27M2002
Tajikistan$6.53M2003
Dominica$5.83M2017
Saint Vincent and the Grenadines$5.52M2020
Saint Kitts and Nevis$5.24M2017
Samoa$4.96M2017
Tonga$4.47M2018
Suriname$4.09M2023
Nicaragua$3.45M2023
Sao Tome and Principe$3.05M2023
San Marino$2.74M2007
Gambia$2.64M2018
Burundi$2.53M2023
Comoros$1.85M2023
Micronesia$1.74M2006
Kiribati$1.21M2023
Palau$1.12M2015
Falkland (Malvinas) Is.$909K2002
Liberia$384K2013
St. Helena$162K2014
Venezuela$62.5K2018
Guinea-Bissau$29.6K2023
Lao P.D.R.$15.7K2017
Solomon Islands$9.502016
Vanuatu$0.002018

Note: This post was edited/created using GenAI tools.

Read next: Which Tech Companies Make the Most Money per Employee?

Previous Post Next Post