The value-added of computer, electronic, and optical products in Belgium has shown a mixed trend over the past decade. From 2013 to 2023, the sector experienced fluctuating growth with periods of expansion and contraction. Notably, significant growth occurred in 2016 and 2019. As of 2023, the sector stood at 1.52 billion Euros, with a marginal year-on-year increase of 0.41% over the previous year. The five-year CAGR leading to 2023 was 1.36%, indicating modest but steady growth.
The forecasted data from 2024 to 2028 suggests a stabilization trend, with an expected minor growth rate and a forecasted five-year CAGR of 0.27%. This indicates that the sector will likely maintain its current size with only slight annual increases.
Future trends to watch for include advancements in technology, government policies impacting the tech industry, and Belgium's role within the broader European and global markets, which could influence growth dynamics significantly.
