In 2024, Estonia leads with a 9.72% ICT value-added, showing a significant year-on-year increase of 10.09% from 2023. South Africa follows at 8.95%, yet faces a decline of 1.85%. Slovakia and Belgium reflect modest growth at 5.26% and 4.58%, with a rise of 1.11% and 1.52%, respectively. Switzerland's ICT value contribution remains relatively flat at 4.44%, after a minimal 0.15% increase. Italy and Russia lag, with values of 3.76% and 2.62%, and negligible growth.
Future Trends:
- Technological innovations in Estonia may drive further ICT contributions.
- South Africa's focus on digital expansion could reverse current declines.
- Enhanced digital policies in Slovakia, Belgium, and Switzerland may sustain growth.
- Russia and Italy need strategic ICT developments to boost value-added.
Top countries in ICT Value Added by Country
| # | 7 Countries | Percent of Value Added in Industry and Services | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 9.72 | 2023 | +5.57% | +10.09% | View data |
| 2 | 2 South Africa | 8.95 | 2023 | +0.015% | -1.85% | View data |
| 3 | 3 Slovakia | 5.26 | 2023 | +0.46% | +1.11% | View data |
| 4 | 4 Belgium | 4.58 | 2023 | +0.043% | +1.52% | View data |
| 5 | 5 Switzerland | 4.44 | 2023 | -0.003% | +0.15% | View data |
| 6 | 6 Italy | 3.76 | 2023 | -0.15% | -0.017% | View data |
| 7 | 7 Russia | 2.62 | 2023 | +0.15% | +1.06% | View data |
