The European ICT Gross Value Added landscape reveals significant diversity with Ireland leading at a notable GDP share. Other top contributors include Cyprus and Malta. Positive growth trends from 2023 highlight Cyprus's double-digit increase and significant growth in Croatia, Portugal, and Macedonia. While some countries like Luxembourg and Switzerland experienced declines, on average, European nations have shown steady ICT expansion.
Future trends to watch include further digital infrastructure investments, AI advancements, and cybersecurity enhancements, which could drive ICT contributions up, especially in emerging markets within Europe leveraging technology to boost economic sectors beyond traditional strongholds.
Top countries in ICT Gross Value Added by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Ireland | 15.9 | 2023 | -4.22% | +5.61% | View data |
| 2 | 2 Cyprus | 9.2 | 2023 | +9.52% | +10.05% | View data |
| 3 | 3 Malta | 8.8 | 2023 | +3.53% | +4.98% | View data |
| 4 | 4 Sweden | 7.6 | 2023 | +1.33% | +2.55% | View data |
| 5 | 5 Czech Republic | 6.7 | 2023 | +1.52% | +4.8% | View data |
| 6 | 6 Bulgaria | 6.7 | 2023 | +4.69% | +2.58% | View data |
| 7 | 7 Romania | 6.7 | 2023 | +1.52% | +4.41% | View data |
| 8 | 8 Estonia | 6.3 | 2023 | +1.61% | +3.13% | View data |
| 9 | 9 United Kingdom | 6.3 | 2023 | 0% | +1.32% | View data |
| 10 | 10 Latvia | 5.6 | 2023 | 0% | +3.13% | View data |
