The output of ICT in Belgium has shown a steady upward trajectory from 2013 to 2023. Starting at 32.34 billion euros in 2013, the value has gradually increased to 44.74 billion euros in 2023. Year-on-year variations indicate periods of more rapid growth, particularly from 2017 to 2019, with slight stagnations or slower growth during 2020. The average Compound Annual Growth Rate (CAGR) from 2018 to 2023 is 2.98%.
Looking forward, the forecasted data suggests continued growth, albeit at a slower pace, with a forecast 5-year CAGR of 1.75% through to 2028, resulting in a 9.05% overall growth from 2023 to 2028. Future trends to watch for include technological advancements, regulatory changes, and potential economic shifts that could influence the ICT sector's performance in Belgium.
