The European Information and Communication sector in 2023 showed notable variations across countries. Germany led with a Gross Value Added of €166.86 billion, an increase of 2.72% from the previous year. Ireland exhibited robust growth at 16.47%, reaching €84.79 billion. Italy and the Netherlands experienced moderate growth at 0.46% and 4.72%, respectively. Austria and Portugal saw increases of 3.67% and 9.04%. Smaller countries like Lithuania (9.44%) and Malta (12.27%) displayed significant year-on-year growth, albeit from a smaller base. Despite lesser contributions, Kosovo and Andorra showed stability with increases of 4.93% and 0.16%.
Future trends to watch include:
- Continued digital transformation driving growth in Ireland and Portugal.
- Potential influence of economic policies on the sector's expansion, especially in Germany and Italy.
- Emerging technology developments enhancing contributions in smaller markets like Malta and Lithuania.
Top countries in Information and Communication Gross Value Added by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 166,860 | 2023 | +1.7% | +2.72% | View data |
| 2 | 2 Ireland | 84,790 | 2023 | +10.3% | +16.47% | View data |
| 3 | 3 Italy | 61,130 | 2023 | +0.82% | +0.46% | View data |
| 4 | 4 Netherlands | 43,540 | 2023 | +4.44% | +4.72% | View data |
| 5 | 5 Austria | 15,250 | 2023 | +3.46% | +3.67% | View data |
| 6 | 6 Portugal | 9,710 | 2023 | +6.73% | +9.04% | View data |
| 7 | 7 Lithuania | 2,390 | 2023 | +7.8% | +9.44% | View data |
| 8 | 8 Slovenia | 2,010 | 2023 | +2.78% | +5.4% | View data |
| 9 | 9 Malta | 1,650 | 2023 | +10.29% | +12.27% | View data |
| 10 | 10 Kosovo | 158.26 | 2023 | +4.68% | +4.93% | View data |
