Forecast: Employment in ICT Sector in Spain

The employment in the ICT sector in Spain has shown a mix of growth and slight declines over the past decade. In 2023, the sector stood at 988 million hours, reflecting a year-on-year increase of 1.39%. Historical variations from 2013 to 2023 demonstrate both growth and contractions, with notable jumps in 2015 (6.84%) and 2021 (8.2%). The average annual variation over the past five years indicates a relatively stable growth trend with a CAGR of 1.99%.

Looking ahead, forecasts suggest a continual but modest growth in employment, with a forecasted CAGR of 1.04% from 2023 to 2028, leading to an estimated value of 1050 million hours by 2028.

Future trends to watch for include:

  • Emerging technologies and digital transformation driving demand for ICT skills.
  • Potential shifts due to automation and AI impacting employment structures.
  • Government policies and investments in digital infrastructure influencing sector growth.

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