The European ICT Turnover Index shows Estonia leading with a significant increase from the previous year, followed by Lithuania and Romania, indicating strong sector growth. Cyprus, Luxembourg, and Bulgaria also display notable advancements, surpassing some larger economies like France and Germany. Peripheral nations such as Macedonia and Italy show minimal growth, highlighting disparate regional advancements in ICT sectors.
Future trends suggest that top performers like Estonia and Lithuania may continue to capitalize on digital transformation. Monitoring the potential convergence of Eastern European countries with their Western counterparts in ICT capacity could unveil opportunities for cross-border collaboration and investment.
Top countries in ICT Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 351.6 | 2022 | +54.55% | +23.48% | View data |
| 2 | 2 Lithuania | 288.5 | 2022 | +19.76% | +16.8% | View data |
| 3 | 3 Romania | 236.4 | 2022 | +28.48% | +15.58% | View data |
| 4 | 4 Luxembourg | 234.6 | 2022 | +4.45% | +12.6% | View data |
| 5 | 5 Serbia | 233.9 | 2022 | +28.02% | +14.53% | View data |
| 6 | 6 Cyprus | 229.8 | 2022 | +22.17% | +13.82% | View data |
| 7 | 7 Bulgaria | 227.4 | 2022 | +8.23% | +13.3% | View data |
| 8 | 8 Croatia | 217.9 | 2022 | +19.07% | +14.9% | View data |
| 9 | 9 Malta | 203.3 | 2022 | +14.99% | +10.81% | View data |
| 10 | 10 Hungary | 193.4 | 2022 | +15.53% | +10.27% | View data |
