The telecommunications output in Finland stood at 4.73 billion euros in 2023. Historical data from 2013 to 2022 shows fluctuating growth, with notable increases in recent years. From 2013 to 2016, growth was inconsistent, marked by negative year-on-year changes. Stability began to form post-2017, with positive year-on-year variations. The compound annual growth rate (CAGR) for the last five years indicates a steady rise at 1.99%.
Forecasts from 2024 to 2028 predict continued positive growth. The projected five-year CAGR is 1.84%, with an overall growth rate of approximately 9.52% from 2023 to 2028.
Future trends to watch for include the impact of 5G technology deployment, digital transformation across industries, expanding IoT applications, and regulatory changes. These factors could further drive growth or introduce volatility into the telecommunications sector.