Forecast: ICT Gross Value Added in the UK

In 2024, the UK's ICT Gross Value Added (GVA) is forecasted to show no change from the previous year, holding steady at 7.08. This trend is projected to continue consistently through 2028, indicating stable economic contributions from the ICT sector with no anticipated year-on-year percentage variation. Given the constant values forecasted through 2028, the compound annual growth rate (CAGR) over this period is 0%, reflecting a flat growth trajectory.

Future trends to watch for include:

  • Potential disruptive technologies which may spur sudden growth or decline in ICT GVA.
  • Policy changes impacting digital infrastructure investment likely to affect the sector's economic contributions.
  • Global market conditions and competitive pressures that could influence the domestic ICT landscape.

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