From 2013 to 2023, the value added of ICT in Belgium experienced a steady increase, starting at 14.55 billion euros in 2013 and rising to 20.5 billion euros in 2023. Year-on-year variation reveals fluctuations, such as a notable 7.06% growth in 2019 and more modest increases around 2% in subsequent years. The compounded annual growth rate (CAGR) over the last five years up to 2023 stands at 3.33%, indicating consistent growth in the sector.
Future trends suggest a continuation of this growth, with forecasted data indicating the value added of ICT will reach 22.85 billion euros by 2028. The forecasted CAGR for the next five years from 2023 to 2028 is expected to be 1.72%.
Future trends to watch for:
- Emerging technologies and digital transformation across industries.
- Government policies and investments in ICT infrastructure.
- Shifts in consumer behavior and increased adoption of ICT services.
