In 2023, Germany led Europe's IT services output at 194.05 Billion Euros, with a modest year-on-year growth of 4.37%. The Netherlands followed at 59.07 Billion Euros, mirroring Germany's growth rate. Austria and Finland saw slight improvements at 5.25% and 5.87% respectively, while Portugal surged by 15.7%. Slovakia, Cyprus, and Lithuania experienced significant increases in IT output, growing by 6.14%, 17.13%, and 16.71%, respectively. Slovenia also performed well with a 9.46% growth rate. This data highlights a diverse landscape in IT service outputs across Europe, with both major and smaller economies showing robust advancements.
Future trends to watch for include increased digitalization and technological adoption across all sectors, leading to consistent growth in IT services. Furthermore, smaller economies like Portugal, Cyprus, and Lithuania, which have shown substantial growth, are likely to continue this trend, contributing significantly to the European IT landscape. Enhanced cybersecurity, AI integration, and remote working solutions will also drive growth in this sector.
Top countries in Output of IT Services by Country
| # | 9 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 194,050 | 2023 | +3.96% | +4.37% | View data |
| 2 | 2 Netherlands | 59,070 | 2023 | +3.45% | +4.37% | View data |
| 3 | 3 Austria | 19,010 | 2023 | +4.13% | +5.25% | View data |
| 4 | 4 Finland | 16,100 | 2023 | +4.43% | +5.87% | View data |
| 5 | 5 Portugal | 10,680 | 2023 | +13.02% | +15.7% | View data |
| 6 | 6 Slovakia | 5,800 | 2023 | +5.3% | +6.14% | View data |
| 7 | 7 Cyprus | 4,090 | 2023 | +10.69% | +17.13% | View data |
| 8 | 8 Lithuania | 3,180 | 2023 | +12.21% | +16.71% | View data |
| 9 | 9 Slovenia | 2,360 | 2023 | +7.69% | +9.46% | View data |
