The 2023 data indicates Germany leading in the European ICT sector, with a Gross Value Added of 189.58 billion Euros, followed by France at 133.8 billion and Ireland at 94.93 billion, which experienced significant growth at 19.12%. Other notable year-on-year growth rates include Lithuania (16.69%) and Estonia (15.33%). In contrast, Italy, while sizeable, saw more modest growth at 1.28%. These variations highlight diverse growth patterns influenced by each country's economic environment and tech sector investment strategies.
Future trends to watch in the European ICT sector include increasing digital transformation efforts, adoption of new technologies such as AI and IoT, and the ongoing impact of regulatory changes such as GDPR. Emerging markets in Eastern Europe may experience accelerated growth, supported by government investment and technological advancement.
Top countries in ICT Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 189,580 | 2023 | +7.59% | +5.38% | View data |
| 2 | 2 France | 133,800 | 2023 | +3.71% | +3.61% | View data |
| 3 | 3 Ireland | 94,930 | 2023 | +13.24% | +19.12% | View data |
| 4 | 4 Italy | 63,680 | 2023 | +1.75% | +1.28% | View data |
| 5 | 5 Spain | 50,680 | 2023 | +8.26% | +4.87% | View data |
| 6 | 6 Netherlands | 44,210 | 2023 | +3.46% | +5.04% | View data |
| 7 | 7 Belgium | 22,770 | 2023 | +4.77% | +5.51% | View data |
| 8 | 8 Finland | 15,470 | 2023 | +4.67% | +5.47% | View data |
| 9 | 9 Austria | 15,210 | 2023 | +3.59% | +3.65% | View data |
| 10 | 10 Greece | 6,350 | 2023 | +4.33% | +5.71% | View data |
