How the digital sector can add 12-23 billion euros to Greek economy by 2035

The technology assemblage could adhd betwixt 12-23 cardinal euros to the Greek system by 2035, boosting the country’s much-needed productivity scale and narrowing the spread with the EU.

The “magic lever” to execute this lies successful integer concern and its improvement successful narration to productivity implicit the decennary to 2035, with λογισμικό playing a cardinal role. A cardinal origin for success is the use of technology and its integration into the accumulation process.

Two scenarios

According to a caller study by analysts astatine the National Bank of Greece, “a tripling of λογισμικό concern could adjacent 1 4th of the productivity spread with Europe.” They further noted that “productivity is linked some to the wide level of integer assets and to their composition, with the stock of λογισμικό playing a decisive role.”

They outlined two scenarios for the improvement of integer concern and its interaction connected productivity implicit the adjacent decade:

Conservative scenario: If integer concern maintains its existent pace, productivity could summation by astir 30% by 2035, narrowing portion of the spread with the EU (from 55% to 47%) and adding astir 12 cardinal euros to the Greek system compared to the existent digitalisation trend.
Ambitious scenario: If integer concern accelerates by 40%, aiming to converge with the EU successful terms of superior stock, the productivity spread could constrictive to 41%, adding 23 cardinal euros to the system by 2035. This target is considered realistic (reflecting concern momentum akin to the erstwhile decade) and besides a minimum necessity, fixed that Europe itself lags technologically connected a planetary scale.
For Greece, convergence with the European mean under the ambitious script should beryllium seen arsenic a minimum request for broader productive convergence.

Technology integration

The ICT (Information and Communications Technology) assemblage has recorded awesome maturation implicit the past 25 years, much than doubling its publication to the system (from 2.9% to 6.5%), supported by technological advances successful mobile networks, fibre optics, and software. The assemblage is performing importantly supra the European average.

However, this advancement has not translated into meaningful convergence with European benchmarks for the system arsenic a whole (the assemblage accounts for 10.6% of the system successful the EU).

According to analysts, the contented is not entree to technology, but its use.

In terms of technological infrastructure, Greece performs comparably with Europe (0.8% of total fixed assets successful telecommunications and IT equipment). By contrast, the spread lies successful λογισμικό (0.7% versus 1.5% successful the EU), meaning successful the integration and utilisation of technology successful accumulation processes. IT services are the main country of underperformance, contributing conscionable 2.8% of concern value added, compared with 6.2% successful Europe.

Estimates for 2026 – Opportunities and Risks

The ICT marketplace successful Greece successful 2026 shows that it will proceed its development, with investments, strategic changes, mergers and opportunities.

After the completion of the financing from the Recovery and Resilience Fund, it is expected to beryllium strengthened by a caller circular of European funds that will concern the probe and improvement of European technologies with peculiar accent connected the fields of artificial intelligence, cybersecurity and defense.

Continuous developments successful areas such arsenic artificial quality and robotics connection fertile crushed but astatine the aforesaid clip represent a important challenge. Competition is expected to intensify since the assemblage presents a precocious grade of internationalization, with an expanding beingness of overseas λογισμικό and unreality work providers, Cybersecurity successful the Greek market.

These providers person accrued superior and technological advantages, which intensifies competitory pressures and whitethorn impact the operating margins and aboriginal profitability of the companies.