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News from 2021-10-14 / KfW Research
Digitalisation in international comparison: Germany lags far behind in IT investment
The digital transformation is an important driver of technological progress and growth. However, Germany is midrange at best in the use of digital technologies by the business community and the development of such technologies is also not among the strengths of the German innovation system.
The country will have to invest significantly more in these technologies to catch up with other major countries. In order to be on a par with with France, Japan or the UK, for example, Germany’s IT investment will have to at least double or triple – from currently EUR 49 billion to EUR 100–150 billion.
Digitalisation in international comparison: Germany lags far behind in IT investment