The telecom Gross Value Added (GVA) in Finland has shown fluctuating trends over the past decade. From 2013 to 2023, there has been a mix of growth and decline, with a noticeable increase from 2021 onwards. Specifically, the year-on-year growth rates varied significantly, evidencing a recovery phase after some periods of decrease. Notably, in 2023, the telecom GVA stood at 2.44 billion Euros, reflecting a 1.2% increase from the previous year. The average CAGR over the past five years (2019-2023) was 1.03%, showing a modest but consistent growth.
Looking forward, the forecasted data from 2024 to 2028 anticipates continual growth in the sector, with a forecasted 5-year CAGR of 0.69% and a total growth rate of 3.49% by 2028. This trend suggests a steady but slow increase in telecom GVA.
Future trends to watch for include:
- Advancements in 5G technology and its widespread adoption
- Potential impacts of digital transformation and increased demand for data services
- Regulatory changes and their effects on market dynamics
- Emergence of new telecom services and innovations driving growth