Recent Release | 10 Oct 2023
The Economic Impact of U.S. Cable Providers
Economic Consulting Team
Oxford Economics
The U.S. cable internet, TV and programming providers play an essential and powerful role in driving the national economy. In 2022, cable providers supported the generation of $196 billion of U.S. GDP, 1,012,000 jobs, and more than $41 billion in taxes at all levels of government. These benefits were spread across the U.S., with 96% of all U.S. congressional districts hosting more than 500 cable-related jobs.
The economic impact of cable providers also results from the fact that many industry sectors depend upon and use cable-provided internet services as a key component of their business operations. Our analysis shows that this direct downstream impact in 2022 amounted to $132 billion in GDP and 550,000 jobs, with the GDP impact greatest in the telecommunications industry, and the retail and hospitality sectors among the largest beneficiaries in terms of employment.
Cable programming providers supported the generation of $104 billion of U.S. GDP in 2022, supported almost 500,000 jobs, and generated more than $16 billion in taxes.
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The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Alice Gambarin
Lead Economist, Economic Impact
Valentyna Katsalap
Senior Economist, Economic Impact
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