In 2023, Montenegro, Serbia, and Estonia lead in the European Computer Programming and Consultancy Turnover Index, with significant growth compared to 2015. Top performers saw high year-on-year variations, particularly Montenegro with a 29.05% increase. Other regions like Macedonia stagnated, while countries like Montenegro, Serbia, and Bosnia and Herzegovina consistently showed robust growth over the last two years.
Looking ahead, the European market is expected to continue growing, driven by digital transformation and increasing demand for IT services. Key trends include the integration of AI, cloud computing expansion, and an emphasis on cybersecurity. Adaptation to these trends will be crucial for maintaining competitiveness and fostering further growth. Countries with growing tech sectors may witness accelerated turnover indexes as they harness these innovations.
Top countries in Computer Programming and Consultancy Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100, Calendar Adjusted | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Montenegro | 532.2 | 2022 | +18.53% | +29.05% | View data |
| 2 | 2 Serbia | 491.1 | 2022 | +42.31% | +25.57% | View data |
| 3 | 3 Estonia | 463.1 | 2022 | +69.88% | +25.41% | View data |
| 4 | 4 Lithuania | 428 | 2022 | +33.13% | +21.6% | View data |
| 5 | 5 Romania | 367.9 | 2022 | +42.71% | +24.8% | View data |
| 6 | 6 Cyprus | 365.3 | 2022 | +40.07% | +21.25% | View data |
| 7 | 7 Bosnia and Herzegovina | 348 | 2022 | +34.21% | +26.18% | View data |
| 8 | 8 Albania | 319.2 | 2022 | +36.06% | +24.69% | View data |
| 9 | 9 Bulgaria | 306.3 | 2022 | +10.7% | +17.74% | View data |
| 10 | 10 Hungary | 282.7 | 2022 | +23.94% | +18.93% | View data |
