The forecasted Gross Value Added (GVA) for Indonesia's Information and Communication Technology (ICT) sector shows a steady year-on-year decline from 2024 to 2028. Starting at 7.3% growth in 2024, it is predicted to decrease to 6.3% by 2028. This represents a consistent downward trend over five years, with an average annual decline of approximately 0.26 percentage points.
Key Trends:
• ICT GVA growth is projected to decelerate year-over-year from 7.3% in 2024 to 6.3% by 2028.
• The last two years (2027-2028) highlight a more moderate decline, suggesting a potential stabilization in the sector's growth rate.
• Yearly declines emphasize a shift from robust growth to more moderate expansion.
Future Trends to Watch:
• Emerging technologies such as AI and 5G could drive new growth opportunities within the ICT sector.
• Digital transformation initiatives across various industries might bolster ICT demand despite the projected downward trend.
• Government policies and investments in ICT infrastructure will play a crucial role in influencing future sector performance.
