Spain’s High-Tech Sector Sees Significant Growth in 2021

Spain’s high-tech and medium-high-tech businesses experienced remarkable growth in 2021, according to the latest data.

The total turnover of high and medium-high technology companies surged by 8.8%, reaching an impressive 285,935.7 million euros. This economic expansion is particularly noteworthy in the context of the global technology sector.

Some key indicators for Spain’s high-tech sector in 2021 include:

  • Total Business Turnover: High and medium-high technology sectors, along with high-tech services, generated a combined turnover of 285,936 million euros.
  • Employment Growth: The number of people employed in high-tech companies increased by 6.8%, totaling 1,499,000 individuals.
  • Research and Development Investment: High-tech companies invested significantly in research and development, with a total expenditure of 6,702 million euros.
  • Production of High-Tech Goods: The value of high-tech goods produced in Spain reached 11,365 million euros, reflecting a growth rate of 13.3%.
  • Exports and Imports: Spain’s exports of high-tech products soared by an impressive 39.6%, reaching 22,360 million euros. Imports also saw substantial growth, rising by 28.6% to reach 38,688 million euros.

This data suggests a thriving high-tech sector in Spain, driven by innovation and increased global demand for advanced technology products. The growth in employment and investment in research and development are positive signs for the country’s technology-driven future.