The turnover of the ICT sector in Spain is expected to demonstrate a slight decrease from 2024 to 2028. In 2023, the turnover stood at 83.45 billion euros. The year-on-year percentage changes show a consistent decline over the years:
- 2024: -0.24%
- 2025: -0.56%
- 2026: -0.57%
- 2027: -0.56%
- 2028: -0.56%
The compound annual growth rate (CAGR) for this period from 2024 to 2028 is -0.50% per year.
Future trends to watch for include advancements in artificial intelligence, cloud computing, and 5G technology, which could potentially rejuvenate growth in the ICT sector in Spain despite the current forecasted decline.
