Information and communication technology (ICT)

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Information and communication technology (ICT) refers to both different types of communications networks and the technologies used in them. The ICT sector combines manufacturing and services industries whose products primarily fulfil or enable the function of information processing and communication by electronic means, including transmission and display. The ICT sector contributes to technological progress, output and productivity growth. Its impact can be examined in several ways: directly, through its contribution to output, employment or productivity growth, or indirectly, as a source of technological change affecting other parts of the economy, for instance.

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Keywords:  technology, ICT investment, GDP, output, internet, ICT, telecommunication, value-added, employment, computer software, communication, information, hardware, export, acquisition, job, exportation, equipment, employee

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ICT investment is defined as the acquisition of equipment and computer software that is used in production for more than one year. ICT has three components: information technology equipment (computers and related hardware); communications equipment; and software. Software includes acquisition of pre-packaged software, customised software and software developed in-house. This indicator is measured as a percentage of total non-residential gross fixed capital formation.

Also available in French
Keywords:  acquisition, communications equipment, ICT investment, pre-packaged software, equipment, information technology equipment, computers, computer software, customised software, hardware
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