In 2023, Germany led European Information and Communication Gross Value Added with a significant share, followed by Ireland and Italy. Ireland showcased remarkable growth, experiencing a 16.47% increase from the previous year. Malta and Lithuania also demonstrated strong year-on-year growth rates of 12.27% and 9.44%, respectively. Conversely, countries like Andorra and Italy posted minimal growth, with Andorra growing by only 0.16%.
Looking ahead, attention should focus on how digital transformation and increasing IT demands influence market dynamics, particularly in emerging markets with higher growth rates such as Portugal and Lithuania. The sustained investments in technology and communication infrastructure across Europe might reshape traditional market leaders.
Top countries in Information and Communication Gross Value Added Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 43.05 | 2023 | +1.7% | +2.72% | View data |
| 2 | 2 Ireland | 21.88 | 2023 | +10.3% | +16.47% | View data |
| 3 | 3 Italy | 15.77 | 2023 | +0.82% | +0.46% | View data |
| 4 | 4 Netherlands | 11.23 | 2023 | +4.44% | +4.72% | View data |
| 5 | 5 Austria | 3.93 | 2023 | +3.46% | +3.67% | View data |
| 6 | 6 Portugal | 2.51 | 2023 | +6.73% | +9.04% | View data |
| 7 | 7 Lithuania | 0.62 | 2023 | +7.8% | +9.44% | View data |
| 8 | 8 Slovenia | 0.52 | 2023 | +2.78% | +5.4% | View data |
| 9 | 9 Malta | 0.43 | 2023 | +10.29% | +12.27% | View data |
| 10 | 10 Kosovo | 0.041 | 2023 | +4.68% | +4.93% | View data |
