The value added of computer, electronic, and optical products manufacturing in Belgium stood at 1.65 billion Euros in 2023. Over the last decade, the sector has shown fluctuating growth. Notable observations include a significant rise from 2015 to 2016 (15.85%) and a marked decline in 2020 (-12.61%). In the recent two years preceding 2023, the sector recovered with year-on-year growth rates of 6.64% in 2022 and 4.99% in 2023. The average annual growth rate (CAGR) from 2018 to 2023 was 3.01%, reflecting a moderate upward trend.
Looking to the future, the sector is projected for stable growth, with a forecasted CAGR of 1.52% from 2024 to 2028 and an overall growth rate of 7.81%. Factors to watch include technological advancements, supply chain dynamics, and shifts in global demand. These will be crucial in shaping the trajectory of value addition in this sector.
