Forecast: Computer Software and Databases Productivity Percentage Point Contribution to Capital Growth in the UK

In 2023, computer software and databases had an estimated productivity contribution to capital growth in the UK of 0.72 percentage points. The forecast indicates stability through 2025 at 0.72 percentage points, with a slight decrease to 0.71 in 2026 and 2027, and further to 0.70 by 2028. The compound annual growth rate (CAGR) over the five-year period suggests a marginal decline, reflecting a stabilizing but slightly down trending contribution in this sector. Year-on-year changes demonstrate a consistent but small reduction, highlighting an area for potential strategic focus to sustain growth.

Future trends to monitor include technological advancements, AI integration, and shifts in software demand which could significantly impact productivity contributions. Additionally, economic recovery and shifts in the regulatory landscape will be crucial factors influencing these projections over the long term.