Indonesia's exports of ICT services have demonstrated significant fluctuations over the years. After a decline in 2015 and 2016, the sector saw a consistent upward trend from 2018 onwards. The year 2021 marked a substantial increase of 34.65%, followed by a remarkable growth of 38.1% in 2022. In 2023, the export value stood at $2.4417 billion, reflecting a modest increase of 2.92% from the previous year. Over the last five years, the compound annual growth rate (CAGR) averaged 14.78%.
Looking ahead, the forecasted data suggests a steady growth trend with a CAGR of 2.13% from 2024 to 2028, achieving a forecast year-on-year growth of 11.12% by 2028. Key factors to watch include advancements in ICT infrastructure, government policies incentivizing exports, and global demand for digital services. The sector's ability to innovate and adapt to evolving technological landscapes will be crucial for sustained growth.
