The exports of ICT services in Austria have demonstrated a general upward trend from 2013 to 2023, starting from $5.8085 billion in 2013 and reaching $10.789 billion in 2023, implying a significant growth. Year-on-year variation was notably high in 2018 at 18.78%, while 2023 saw a more moderate growth rate of 3.15%. Over the last five years (2018-2023), the compound annual growth rate (CAGR) was approximately 6.81%.
Looking ahead to the forecast period (2024-2028), exports are projected to continue growing, with a 2028 forecast value of $12.403 billion. This period suggests a slower CAGR of 2.21%, indicating a deceleration in the growth rate compared to the previous five years.
Future trends to watch include:
- Continued digital transformation and increasing global demand for ICT services.
- Potential impact of emerging technologies such as AI, blockchain, and IoT on service offerings.
- Influence of international trade policies and economic conditions on export dynamics.