The branch linked to technology generated a total income of US$2,840M and generated 4.3% of GDP in 2022.
The exports of the sector linked to Information technology(TI) totaled 1,816 million dollars, equivalent to 4.3% of the Gross Domestic Product (GDP) of Uruguay, according to a report by CPA Ferrere.
With respect to the level of employment, The IT branch generated 22,270 direct jobs in 2022 and its salaries more than double the labor market average, as stated during an event to celebrate the 35 years of the company. Uruguayan Chamber of Information Technologies (Cuti).
In this framework, the president of Cuti, Carlos Acle, He indicated that “having solid numbers allows us to understand the impact of our industry in the country,” after which he highlighted: “The data speaks for itself. The technology sector has positioned itself as one of the 5 sectors that export the most in the country.”
In fact, CPA economist Ferrere presented a study that shows that, accounting for the direct contribution (activities of the sector), indirect (demand of inputs) and induced (consumption of wage bill), The total contribution to the economy is 3,059 million dollars.
Taking into account the same variables, the amount of busy workers reaches 50,297 and the remunerations of the IT sector totaled 1,137 million dollars, Capurro explained.
Alfonso Capurro, CPA.jpg
The challenges to consolidate the evolution of the IT sector
While, Capurro focused on how to consolidate the evolution of the IT sector looking to the future, with six axes, among which “capturing opportunities in global demand, of a dynamic sector on the frontier of knowledge” stood out.
At the same time, he proposed “displacing supply restrictions that limit growth”, as well as “capitalize on the potential”, considering that it can “double every 10 years”. Another important point was to “improve the productivity and the growth”.
Finally, he aimed to “generate a more balanced mix between products and services,” while asking to be prepared for changes at an international level, such as “the threat of the BEPS project.” (OECD), “which imposes a new global taxation scheme.”
Source: Ambito
