In 2024, Estonia leads the European ICT Turnover Index significantly, reflecting robust growth, followed by Lithuania and Romania. Central and Eastern European countries, such as Latvia, Hungary, and Croatia, show strong year-on-year variations, while Western European states like France and Germany exhibit moderate growth. The slowest pace is seen in Southern European countries like Italy and Macedonia. Over the past five years, Central and Eastern Europe have shown a notable CAGR, primarily driven by increased investments and digital transformation initiatives.
Future trends to watch include:
- The acceleration of digital infrastructure in Eastern Europe.
- Potential impacts of AI and automation on ICT turnovers.
- Regulatory changes in the EU affecting cross-border digital services.
- Sustainability and green tech investments influencing ICT indices.
Top countries in ICT Turnover Index by Country
| # | 10 Countries | Indexes 2015 = 100 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Estonia | 351.6 | 2022 | +54.55% | +23.32% | View data |
| 2 | 2 Lithuania | 288.4 | 2022 | +19.72% | +16.8% | View data |
| 3 | 3 Romania | 235.2 | 2022 | +28.45% | +15.65% | View data |
| 4 | 4 Luxembourg | 234.6 | 2022 | +4.45% | +12.6% | View data |
| 5 | 5 Serbia | 233.8 | 2022 | +28.04% | +14.52% | View data |
| 6 | 6 Cyprus | 232.2 | 2022 | +21.95% | +13.68% | View data |
| 7 | 7 Bulgaria | 226.8 | 2022 | +8.1% | +13.28% | View data |
| 8 | 8 Croatia | 217.7 | 2022 | +18.77% | +14.9% | View data |
| 9 | 9 Malta | 203.3 | 2022 | +14.99% | +10.81% | View data |
| 10 | 10 Hungary | 193.8 | 2022 | +15.43% | +10.36% | View data |
