The Spanish defense, security, aeronautics and space industry achieved a turnover of 13.9 billion euros in 2023, 15% more than the previous year and returning to levels before the Covid-19 pandemic. All this thanks to the expansionary cycle of the sector, which This is almost 20 billion euros of contribution to the Gross Domestic Product (GDP).
The data was presented this Monday in the report on “The economic and social impact of the defense, security, aeronautical and space industry in Spain”, prepared by the consulting firm PwC for Tedae. “The report allows us to know precisely the contribution of the sector and to highlight the enormous contribution it makes to the economic and social development of the country,” underlined the Secretary of State for Defense, Amparo Valcarcel.
Concretely, the impact on the GDP of these sectors was 19.688 million euros in 2023, 12.1% of industrial GDP from Spain. Furthermore, his tax contribution increased to almost 7 billion euros, representing 2.6% of tax revenue in Spain.
The impact on employment in the sector included in Tedae, with the creation of 215,607 jobs between direct and indirect. The report highlights that for every direct job in these sectors, three other jobs are generated throughout the economy. In addition, the average monthly remuneration of its employees is 3,776 euros, or 71% more than the Spanish average.
As for your focus on innovationthe report indicates that the Spanish defense, security, aeronautics and space industry generated a total investment in R&D&i, direct and indirect, of 2,403 million euros in 2023which is equivalent to 27% of the total investment of Spanish industry.
He president of Tedae, Ricardo Martí Fluxáalso highlighted the territorial implantation of this industry, structuring the territory and “consolidating an industrial base that stimulates the economy, modern and essential for the generation of jobs and for the prosperity of Spain and its regions”. “The TEDAE sectors are pillars of the new economic model that Spain needs and our companies not only seek their own success, but also contribute to improving the well-being of people”, he guaranteed.
Data broken down by sector
Defense and Security Sector
Billing: The turnover of the Spanish defense and security industry in 2023 reached 8,042 million euros, or 8.9% more than in 2022.
Impact on GDP: 10,609 million euros, 6.5% of Spanish industrial GDP
Impact on employment: 121,029, 5.7% of industrial employment in Spain
Tax contribution: 3,703 million euros, 1.4% of tax revenue in Spain
Contribution to R&D&I: 1,590 million, 17.9% of industrial R&D&I spending in Spain
Exports: 3.720 million (1% of Spanish exports)
Aeronautics Sector
Billing: 9,927 million euros, or 12.9% more than in 2022
Impact on GDP: 13,776 million, 8.4% of Spanish industrial GDP
Impact on employment: 156,346, 7.3% of industrial employment in Spain
Tax contribution: 4,849 million euros, 1.8% of tax revenue in Spain
Contribution to R&D&I: 1,590 million euros, 17.9% of industrial R&D&I spending in Spain
Exports: 6.292 million euros, 1.6% of Spanish exports
Space sector
Billing: 1,200 million euros, 12.6% more than in 2022
Impact on GDP: 1,964 million euros, 1.2% of Spanish industrial GDP
Impact on employment: 20,552.1% of industrial employment in Spain
Tax contribution: 696 million euros, 0.3% of tax revenue in Spain
Contribution to R&D&I: 354 million euros, 4% of industrial R&D&I spending in Spain
Exports: 887 million euros (0.2% of Spanish exports)
