In 2024, Germany leads the European Value Added of ICT Services with 12.24 billion Euros. Italy follows with 7.08 billion Euros, and the Netherlands ranks third at 2.83 billion Euros. Ireland, Belgium, Slovakia, Greece, and Slovenia have values of 2.64, 1.36, 0.60944, 0.22592, and 0.09856 billion Euros respectively.
Year-on-year variations for 2023 highlight the following percentage increases: Germany at 3.34%, Italy at 0.51%, Netherlands at 3.1%, Ireland at 4.53%, Belgium at 5.98%, Slovakia at 3.21%, Greece at 2.61%, and Slovenia at 3.07%.
Key trends to watch for in the future include:
- Continued growth in Ireland and Belgium, reflecting their strong yearly increases in value added.
- Germany maintaining its lead while expansion rates suggest other countries might converge over time.
- Potential for Slovakia and Greece to capitalize on their steady growth, leading to increased market share in the long run.
- Watch Italy for potential recovery as its growth lagged behind other countries in 2023.
Top countries in Value Added of ICT Services by Country
| # | 8 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 12,240 | 2023 | +2.69% | +3.34% | View data |
| 2 | 2 Italy | 7,080 | 2023 | +0.73% | +0.51% | View data |
| 3 | 3 Netherlands | 2,830 | 2023 | +4.47% | +3.1% | View data |
| 4 | 4 Ireland | 2,640 | 2023 | +4.62% | +4.53% | View data |
| 5 | 5 Belgium | 1,360 | 2023 | +4.09% | +5.98% | View data |
| 6 | 6 Slovakia | 609.44 | 2023 | +2.77% | +3.21% | View data |
| 7 | 7 Greece | 225.92 | 2023 | +2.27% | +2.61% | View data |
| 8 | 8 Slovenia | 98.56 | 2023 | +2.97% | +3.07% | View data |
