ICT investment

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.

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