The production volumes of ICT and Information Services in Finland demonstrated a notable upward trend between 2013 and 2023, growing from 8.07 billion euros to 13.49 billion euros. Noticeable growth peaks such as the substantial year-on-year increases of 13.76% in 2017 and 11.18% in 2018 were observed. However, the series also experienced moments of slower growth and even contraction, as seen in 2019 and 2020 (0.46% and -1.74% respectively). In 2023, the production volume reached 13.49 billion euros, indicating a year-on-year growth of 2.94%.
In the last 5 years, the compound annual growth rate (CAGR) was 2.63%. Looking ahead, the forecast period from 2024 to 2028 suggests a continuation of this upward trend with an expected CAGR of 2.18% and an overall growth rate of 11.4%, raising the production volume to 15.52 billion euros by 2028.
Future trends to watch for include the potential impact of digital transformation initiatives, advancements in emerging technologies like AI and 5G, and evolving regulatory landscapes which may influence the pace and trajectory of growth within the ICT sector in Finland.
