In 2024, Germany leads European ICT output with 338.08 billion euros, followed by France at 235.19 billion euros, and the Netherlands at 97.43 billion euros. In 2023, Germany's ICT sector grew by 2.57% and France by 2.1%, while the Netherlands posted a more robust 3.65% increase. Smaller economies such as Cyprus and Estonia displayed significant ICT growth with 19.34% and 12.39% respectively. Over the last five years, Cyprus and Portugal showed notable CAGR. This underlines dynamic growth potential in smaller markets, fueled by increasing digital integration.
For future trends, Europe's ICT output will likely benefit from continued digital transformation, cybersecurity investment, and artificial intelligence integration. Observing evolving regulatory environments and tech talent availability across countries will be crucial to assessing future growth prospects. Monitoring investment in 5G infrastructure and sustainability initiatives will also be key in shaping the ICT landscape.
Top countries in Output of ICT by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 338,080 | 2023 | +2.72% | +2.57% | View data |
| 2 | 2 France | 235,190 | 2023 | +1.56% | +2.1% | View data |
| 3 | 3 Netherlands | 97,430 | 2023 | +2.79% | +3.65% | View data |
| 4 | 4 Belgium | 44,740 | 2023 | +2.46% | +2.98% | View data |
| 5 | 5 Finland | 28,290 | 2023 | +3.24% | +3.46% | View data |
| 6 | 6 Portugal | 21,610 | 2023 | +10.73% | +10.42% | View data |
| 7 | 7 Greece | 10,490 | 2023 | -0.6% | +0.25% | View data |
| 8 | 8 Slovakia | 8,850 | 2023 | +3.43% | +3.47% | View data |
| 9 | 9 Cyprus | 8,640 | 2023 | +11.98% | +19.34% | View data |
| 10 | 10 Estonia | 4,600 | 2023 | +9.01% | +12.39% | View data |
