Digital economy overtakes auto industry in Germany
A study has shown that the digital economy in Germany surpasses the automotive industry in terms of its contribution to the economic output, generating an annual value added of approximately 481.5 billion euros, which accounts for 11.91% of the total gross domestic product. Its role in economic growth appears to be significantly increasing, as it exceeds more than twice the share of the automotive industry, which ranges between 4.5% and 5%. When including companies that have undergone deep digital transformation in traditional sectors, the digital added value would exceed 1.01 trillion euros, representing more than a quarter of Germany's Gross Domestic Product.
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