Germany is lagging behind when it comes to digital transformation. This is mainly due to relatively low investments. Because other nations use a larger part of their gross domestic product to develop digitally. In our ranking, we therefore show you which countries spend the most money on digitalization.
Although more than ten years have passed since Angela Merkel’s famous comment “The Internet is new territory for all of us,” Germany still seems to be lagging behind when it comes to digitalization – not only in European but also in global comparison.
Research and development of digital technologies is not a German strength, believes the research department of KfW Bankengruppe. Compared to leading countries, there are fewer scientific publications and patents. German companies are also only in the European midfield when it comes to the use of digital technologies.
These countries spend the most money on digitalization
The reason is comparatively low investments in digitalization. KfW provides this in one current investigation firmly. According to the OECD, IT investments in 2022 amounted to around 54.5 billion euros. In relation to gross domestic product (GDP), this corresponds to around 1.4 percent. This means Germany is only in 17th place.
In order to catch up with other highly developed countries, the amount would have to double or triple – i.e. investments amounting to 140 to 180 billion euros per year. In the following ranking we will show you which countries spend the most money on digitalization.
10th place: Spain
Spain is in tenth place in the ranking of countries that spend the most money on digitalization. The state invests 2.6 percent of its gross domestic product into IT. This is expressed, for example, in a progressive e-government system. The Cl@ve platform enables people to access government services online. Spain is also investing in smart cities, especially in cities like Barcelona.
10th place: Spain. (Photo: BASIC thinking/Canva)
You can go back and forth using the arrows under the heading.
The post IT investments: These 10 countries spend the most money on digitalization by Beatrice Bode appeared first on BASIC thinking. Follow us too Facebook, Twitter and Instagram.
As a Tech Industry expert, I find it fascinating to see which countries are leading the way in IT investments and digitalization. These 10 countries that spend the most money on digitalization are likely to have a competitive edge in the global market, as they are investing in cutting-edge technologies and innovation.
It is not surprising to see countries like the United States, China, and Japan on this list, as they have long been at the forefront of technological advancements. These countries have robust IT infrastructure, a strong talent pool, and a culture of innovation that allows them to continuously invest in digitalization.
However, it is also interesting to see countries like Germany, the United Kingdom, and France on this list, as they are making significant investments in digitalization to stay competitive in the global market. These countries have recognized the importance of technology in driving economic growth and are actively investing in areas such as artificial intelligence, cybersecurity, and cloud computing.
Overall, the fact that these 10 countries are leading the way in IT investments is a testament to the importance of digitalization in today’s world. As technology continues to evolve at a rapid pace, it is crucial for countries to invest in digitalization to drive innovation, create jobs, and stay competitive in the global market.
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