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Latvian ICT Revenue Poised for €3.2 Billion by 2028 RIGA — Latvia’s Information and Communication Technology (ICT) sector is projected to see significant growth, with revenue expected to climb to €3.2 billion by 2028. This marks an increase from the €2.75 billion anticipated in 2023, reflecting an average annual growth rate of 2.5%. Historical data indicates that since 2010, the Latvian ICT market has expanded at an average rate of 2.9% per year. As of 2023, Latvia ranks 31st in global ICT revenue. Notably, Malta matches Latvia with an estimated €2.75 billion in revenue for the same year. In a broader European context, the United Kingdom, Ireland, and France hold the second, third, and fourth positions, respectively, in the ICT revenue rankings.

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