The impact of digitalization in Spain

July 16, 2019

The digital revolution is transforming the economy global and the way the society lives, works, and relates. The result of the econometric models developed for this study suggests that increases in digitalization augments real GDP growth per capita, in line with the provisions of the economic literature. In particular, it estimates that, in the European average, a 10% increase in the 'Index of DESI 'digitalization would contribute to approximately 1 percentage point to real GDP growth per capita. Applying the average relationship between evolution of the 'DESI digitization index' and GDP per capita in European countries to the context Spanish illustrates the broader impact of digitization: digitization in Spain may have contributed an annual average of up to 7,500 million euros to real GDP between 2013 and 2018, maintaining other factors of the constant economy.