The Value Added of ICT Services in Turkey has shown a steady increase from 2013 to 2023, starting at 1.03 billion New Turkish Liras in 2013 and reaching 6.75 billion New Turkish Liras in 2023. Over this period, we can observe significant growth, particularly from 2017-2019 where the value jumped from 2.37 to 6.17 billion New Turkish Liras, before stabilizing in 2020. The year-on-year variation was notably high in 2019 at 105.96%, while 2020 saw a minor dip of -9.12%. The average annual growth rate (CAGR) over the past five years (2018-2023) is 17.68%.
Looking ahead, forecasted data for 2024-2028 predict a continued upward trend, with the value expected to reach 8.73 billion New Turkish Liras by 2028. The forecasted five-year CAGR is 3.99%, suggesting a steady but more moderate growth phase. Future trends to watch include potential technological disruptions, regulatory changes, and the impact of global economic conditions on ICT service adoption. Observing the digital transformation initiatives and investments in Turkey’s ICT infrastructure will also be crucial in understanding this sector's progress.
