The exports of ICT services in Turkiye have shown significant growth over the past decade, moving from $1.226 billion in 2013 to $2.7329 billion in 2023. This period witnessed a mix of fluctuating yearly growth rates, including a notable increase of 44.53% in 2020 followed by a more moderate rise of 21.44% and 1.17% in 2021 and 2022 respectively. As of 2023, the exports stood at $2.7329 billion, representing a 5.27% increase from the previous year. The 5-year CAGR up to 2023 was 13.83%, showcasing steady year-on-year growth.
Looking to the future, Turkiye's ICT services exports are projected to keep growing, reaching $3.3945 billion by 2028 with a forecasted 5-year CAGR of 3.43%. This indicates an anticipated growth rate of 18.36% over the next five years.
Future trends to watch for include:
- Technological advancements in ICT services driving higher demand.
- Turkiye's strategic positions in global digital transformation initiatives.
- Potential impacts of geopolitical and economic changes on export capacities.
