European ICT Industry Share in GDP by Country

The European ICT industry exhibits varying contributions to GDP across different countries. In 2024, Bulgaria leads with a 9.6% share, closely followed by Estonia at 8.98% and Malta at 7.65%. Notable contributions also come from Latvia, the United Kingdom, Hungary, and others, each with shares ranging from around 6% to 7%. Countries like Belgium, Germany, and Romania have shares around 4% to 5%, highlighting a moderate but significant ICT sector presence. Smaller contributions are seen in Poland, Slovenia, Austria, Greece, and Italy, where ICT accounts for 3% to 4% of GDP.

Year-on-year variations from 2023 show a diverse landscape across Europe. Estonia, Iceland, and Latvia reported notable positive variations, while Bulgaria and Norway also registered significant growth. In contrast, Malta, the United Kingdom, Hungary, and Germany exhibited minimal changes, indicating stable but modest growth. Over a five-year period, the compound annual growth rate (CAGR) for these countries should be monitored to gauge sustained performance or emerging trends.

Looking ahead, it is important to consider factors such as advancements in digital technologies, government policies promoting ICT development, and economic conditions in Europe. These variables will play a crucial role in shaping the ICT sector's share of GDP in the coming years.