02 — KEY SECTOR FOR GDP

THE TECHNOLOGY INDUSTRY NOW REPRESENTS 8.5% OF CATALONIA’S GDP IN TERMS OF TURNOVER, REACHING €27.031 BILLION

The turnover of technology companies has increased by 5.04% in the last year. The total impact of the technology industry amounts to €9,507M in direct impact, €3,163M indirect, and €2,191M induced. For every €100 of direct GVA, the ICT sector generates an additional €56.3. Likewise, for every 100 direct jobs in the Catalan ICT sector, 48 additional jobs are created, reinforcing its role as a cross-cutting driver of the economy.

The industry had 16,889 companies in 2021, 53% more than in 2011. It is on trend to grow to 17,000 information technology enterprises in Catalonia by the end of 2022.

120,800 workers were recorded in the Catalan IT industry in Q3 2022. After the increase in the number of industry jobs during the pandemic and subsequent reduction, companies are recruiting again. The tech industry workforce has grown by 65.5% since 2011.

With a total turnover just north of €20.9 bn in 2019 delivering 8.31% of Catalonia’s GDP, the pattern allows us to gauge an industry currently worth over €23 bn and becoming increasingly important to the Catalan economy, accounting for between 9.5% and 10% of its gross domestic product.