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In 2023, the Málaga-based technopolis generated €4,836 million for the regional economy and 70,968 direct and indirect jobs across Andalusia
Minister for Economy, Finance, European Funds and Social Dialogue and chairwoman of Málaga TechPark, Carolina España, highlighted the strategic role the Málaga-based technopolis plays in Andalusia’s economic development during the presentation of the Economic Impact Study conducted by the Institute of Economics and Business for Society (IEBSociety). The study shows that the park generates an overall (direct and indirect) impact of €4,836.31 million on Andalusian GDP, equivalent to 2.33% of the regional total, and reaches an even greater share of the province (10.68%) and the city of Málaga (34.97%).
On this point, España stressed that “the figures presented confirm that Málaga TechPark is one of the great economic drivers in Andalusia, with a growing and sustained impact that is increasingly decisive for the creation of wealth and employment.” She also declared that “nobody can deny the extraordinary moment Málaga TechPark is experiencing, an essential and strategic infrastructure for both the present and future economy of Andalusia.”
The study, conducted by researchers Germán Gémar and Fernando Isla, shows the technopolis’ key role both now and in the future, emphasising “its very positive outlook, considering the variables analysed.” “Given its growth trajectory, expectations for the park are obviously high,” Isla said.
The results of said report were also presented by the chief executive of Málaga TechPark, Felipe Romera, who noted that “this impact study confirms the sharp increase in the contribution of the technology park’s companies to the economic development of the city of Málaga, the province, and Andalusia.”
Furthermore, the analysis presented by Romera illustrates the park’s steady evolution and its growing importance within the Andalusian technology ecosystem.
Málaga TechPark generates 70,968 direct and indirect jobs
The study confirms the park’s significant multiplier effect. Every euro of GDP generated turns into €2.4 in the Andalusian economy, rising to €2.9 when household consumption effects are included. Likewise, each euro of production in the park becomes €2.6 in Andalusia.
In terms of employment, the total impact amounts to 70,968 direct and indirect jobs, and each direct job created generates 3.7 additional positions in the regional economy. Regarding this point, España noted that “the technopolis has a great capacity to create qualified employment and attract talent, driving entire chains of economic activity and contributing to the well-being and prosperity of Andalusians.”
The report explains that 31.56% of the city’s employment is directly or indirectly connected to the activity of the park, meaning that one in three jobs depends on the Málaga TechPark ecosystem. “More than a third of the employment in the city of Málaga is linked to the park, a fact that best reflects the scale of Málaga TechPark’s impact on our territory,” España highlighted.
These figures reinforce the idea that Málaga TechPark has established itself as a strategic infrastructure for economic development, innovation, and talent attraction in Andalusia. The report notes that the park is also emerging as a key element of the future European microchip supply chain, boosted by the upcoming installation of imec, a world-leading centre in microelectronics and semiconductors.
Productivity 43% higher than the Andalusian average
The study also highlights the park’s high productivity, averaging €157,199 per worker, 43% higher than the Andalusian average (€109,800). This competitiveness is due to the strong technological specialisation in Málaga TechPark, home to companies in 51 sectors (out of a total of 81 according to the Andalusian Input-Output Framework), with particular emphasis on telecommunications and software programming, which together account for 38% of the park’s Gross Value Added (GVA).
Overall, the park’s activity generates €1772.7 million in GVA, equivalent to 45% of its total production. The study also notes that the impact on Andalusian production amounts to €10,119.75 million, which represents 2.74% of the regional total. In the province and the city of Málaga, the impact reaches 14.66% and 48.01%, respectively.
A technology leader for Europe’s digital and green transition
The study highlights that the park’s specialisation in cutting-edge industries (such as artificial intelligence, cybersecurity, microelectronics, software, renewable energy, or biotechnology) is helping position Málaga and Andalusia as leading technology hubs.
In this regard, the minister stated that “specialisation in cutting-edge industries positions Málaga and Andalusia as leading technology hubs at a key moment for Europe’s digital and green transition.” She also reminded that imec’s arrival “will make Spain a world leader in microchip research and will be a true revolution for our region.”
España concluded that Málaga TechPark “is a story of collective success,” the result of the shared effort of companies, institutions, and professionals, reaffirming the Andalusian government’s commitment to its growth and consolidation.