In 2023, Ireland led the Global ICT Gross Value Added rankings, with Cyprus and Romania following. The most significant year-on-year increase was observed in Ireland at 18.5%, followed by Cyprus with 13.18%, and Hungary with 10.81%. Overall, South Africa experienced a slight decline during the same period. From a five-year perspective, the compound annual growth rate (CAGR) indicates robust expansion across several Northern and Eastern European countries, highlighting Ireland, Cyprus, and Romania as key growth leaders.
Future trends to monitor include the ongoing digital transformation efforts in Europe and Asia, the impact of policies fostering innovation and technology development, and potential market disruptions from emerging technologies. Rising investments in ICT infrastructure and a focus on sustainable and smart ICT solutions are likely to drive further growth globally.
Top countries in ICT Gross Value Added by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 326.15 | 2022 | +7.05% | +18.5% | View data |
| 2 | 2 Cyprus | 297.62 | 2022 | +15% | +13.18% | View data |
| 3 | 3 Romania | 206.61 | 2022 | +19.99% | +10.28% | View data |
| 4 | 4 Hungary | 195.1 | 2022 | +7.36% | +10.81% | View data |
| 5 | 5 Indonesia | 177.91 | 2022 | +7.74% | +8.31% | View data |
| 6 | 6 Czech Republic | 175.98 | 2022 | +12.41% | +9.17% | View data |
| 7 | 7 United Kingdom | 163.28 | 2022 | +9.04% | +7.16% | View data |
| 8 | 8 Croatia | 162.19 | 2022 | +9.13% | +8.48% | View data |
| 9 | 9 Latvia | 161.09 | 2022 | +13.97% | +7.14% | View data |
| 10 | 10 Costa Rica | 157.35 | 2022 | +13.4% | +5.35% | View data |
