The Value Added of ICT and Information Services in Austria has shown a consistent upward trend from 2013 to 2023. The actual data reveals a growth from 5.14 billion Euros in 2013 to 7.96 billion Euros in 2023, with the CAGR stabilizing around 2.99% in recent years. Year-on-year growth varied significantly, peaking at 9.65% in 2016 and stabilizing at 2.88% in 2023. The sector has grown robustly overall, although the growth rate has decelerated slightly in the last two years.
- 2013: 5.14 billion Euros
- 2014: 5.53 billion Euros, YoY 8.14%
- 2015: 5.61 billion Euros, YoY 1.37%
- 2016: 6.15 billion Euros, YoY 9.65%
- 2017: 6.47 billion Euros, YoY 5.3%
- 2018: 6.87 billion Euros, YoY 6.15%
- 2019: 7.05 billion Euros, YoY 2.5%
- 2020: 7.28 billion Euros, YoY 3.36%
- 2021: 7.66 billion Euros, YoY 5.25%
- 2022: 7.74 billion Euros, YoY 1%
- 2023: 7.96 billion Euros, YoY 2.88%
For future trends, forecasts predict continued growth, reaching 9.02 billion Euros by 2028 with a forecasted five-year CAGR of 1.94%. Key trends to watch for include digital transformation, the impact of emerging technologies such as AI and blockchain, and evolving regulatory requirements within the EU. Monitoring these factors will be crucial for understanding the trajectory of the ICT and Information Services sector in Austria.
