The ICT industry is essential to the Spanish economy. Since the 1980s, this sector has become a mature industry and now accounts for almost 10% of GDP. In 2013 revenues totalled exceeded 84 million euros. At around half a million jobs and more than 50,000 companies, the ICT sector is a well suited sector to Spain since ICT relies more on human capital and less on investment in physical capital, and Spain has a highly skilled and creative work force.
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