Digital technology industry to reach 26% of Spanish Gross Domestic Product by 2024

This industry continues to create jobs, break turnover records and gain presence in international markets.
Digitalisation has become a catapult for the competitiveness of the Spanish economy, and continues to generate new opportunities for people and businesses. In 2024, this industry broke records in terms of turnover, while maintaining job creation rates and continuing to gain presence in international markets.
This was explained by Pilar Roch, Director General of the Multisectoral Association of Electronics, Information and Communication Technology Companies (Ametic), during the presentation of the 2025 Digital Economy Barometer.
The barometer compiles the main figures for the digital technology industry and is divided into four areas: information technologies, communications, the telecom and electronics industry, and digital content. As Roch explains, “it gives us a holistic view of the technology and digital industry, helping to identify trends, assess the impact of digitalisation policies and guide future actions to boost the development of the digital industry”.
One out of every four euros
One of the main data provided by the report is that the digital economy amounted to26% of Gross Domestic Product in 2024, a figure that represents a growth of 7.4% compared to the previous year. This means that one out of every four euros in the Spanish economy is linked to activities and companies that include this technology. In fact, the industry’s activity last year beat its record turnover, which exceeded the figure for 2023 by 5.6% and reached 138.205 billion euros. Information technology was the area that led this growth, accounting for most of the turnover.
Employment has also benefitted from the growth of the industry, with 205,000 new jobs in the last five years. The Spanish digital economy closed 2024 with 722,990 professionals, an increase of 7.8% compared to 2023. The report underlines the fact that not only is digital talent growing, but quality opportunities are also opening up and the challenge of bridging the gender gap is being closely monitored.
Innovation and territorial reach
The barometer also highlights other important figures, such as the growth in the number of companies in the industry, which reached 36,737, 2.8% more than the previous year. Once again, it was information technologies that showed the greatest dynamism, with more projects, more innovation and more territorial reach.
In 2024, Information and Communications Technology exports also grew, amounting to 23.646 billion euros (3.6% more than in 2023) and contributing to a 7.5% reduction in the trade deficit. In this way, as the report explains, Spain is gaining traction and presence in international markets. E-commerce, with more users, better infrastructure, more agile logistics and more secure payments, grew by 13.1% and had a turnover of 95.207 billion euros.
Driver of innovation
Finally, the barometer indicates that 19.8% of private companies that innovate in Spain belong to the Information and Communications Technology industry, which position it as a “driver of innovation for other industries”. The next challenges, he points out, are to “accelerate adoption in SMEs, strengthen RD&I, attract diverse talent and deepen public-private collaboration so that digitisation reaches more regions and more people”.
The barometer was presented during the 39th edition of the Digital Economy and Telecommunications meeting, organised by Ametic between 1 and 3 September in Santander (Cantabria).
Photo: Ametic