Spain’s ICT Sector Records Growth in 2021, Reaching €110.2 Billion in Turnover

In 2021, the Information and Communication Technology (ICT) sector in Spain continued to expand, demonstrating resilience amidst challenging times. According to the latest press release on ICT indicators for 2021, the total turnover of ICT companies reached an impressive €110.2 billion, marking a notable growth of 3.5% compared to the previous year.

The number of companies in the ICT sector engaged in Research and Development (R&D) also experienced substantial growth, increasing by 7.7% and reaching a total of 2,073 firms.

Key Highlights of the ICT Sector in 2021:

  1. Number of Companies: The ICT sector comprised a total of 72,444 companies, highlighting the vibrant and dynamic nature of the industry.
  2. Turnover: The substantial turnover of €110.2 billion showcases the strong performance and significant economic contribution of the ICT sector to Spain’s economy.
  3. Value Added: The value added by the ICT sector amounted to €40.0 billion, further reinforcing its role as a major driver of economic growth and innovation in the country.
  4. Employment: The ICT industry provided substantial employment opportunities, with a total of 564,137 individuals being employed in various roles within the sector.

The continuous growth of the ICT sector in Spain reflects the increasing reliance of businesses and individuals on technology and digital solutions. As the world moves towards a more digitally-driven future, the ICT industry is expected to play an increasingly vital role in shaping Spain’s economy and society.

With its contributions to innovation, employment, and economic growth, the ICT sector continues to be a key focus for policymakers, investors, and stakeholders in Spain, as the country positions itself for a technology-driven and digitally-enabled future.