Forecast: Exports of ICT Services in Belgium

In 2023, Belgium's exports of ICT services stood at $18.943 billion. The forecasted data for 2024 indicates a projected value of $19.607 billion, showing a year-on-year increase of approximately 3.5%. Over the next five years, exports are expected to grow consistently, reaching $22.239 billion by 2028. The projected compound annual growth rate (CAGR) from 2024 to 2028 is about 3.2%.

Future trends to watch for:

  • The impact of technological advancements and digital transformation on service innovations.
  • Regulatory changes within the European Union and trade policies affecting ICT exports.
  • Increased demand for cybersecurity and cloud services in the global market.
  • Potential economic impacts from geopolitical uncertainties affecting international trade.

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