The 2023 data shows varying levels of growth in the European ICT sector by country. France leads with a value of 122.7 billion euros, displaying a year-on-year increase of 1.83%. Belgium follows with a value of 20.5 billion euros and a 3.33% rise. Finland and Austria posted values of 15.07 billion and 15.0 billion euros respectively, with both experiencing significant growth rates of over 5% and 3%. Countries like Portugal, Croatia, Estonia, Cyprus, and Slovenia exhibited substantial increases, with Cyprus leading at 13.7%. Greece, however, saw a slight decline of 0.043%.
Future trends to watch for include technological advancements and digital transformations that could drive more growth, especially in countries currently experiencing higher year-on-year increases like Cyprus and Estonia. Increasing emphasis on AI, cloud computing, and cybersecurity will likely continue to foster growth in the ICT sector across various countries. Additionally, policy changes and investments by the European Union might mar impact the anticipated growth trajectory in the forthcoming years.
Top countries in Value Added of ICT by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 122,700 | 2023 | +1.86% | +1.83% | View data |
| 2 | 2 Belgium | 20,500 | 2023 | +2.44% | +3.33% | View data |
| 3 | 3 Finland | 15,070 | 2023 | +4.96% | +5.14% | View data |
| 4 | 4 Austria | 15,000 | 2023 | +3.34% | +3.34% | View data |
| 5 | 5 Portugal | 9,900 | 2023 | +7.51% | +9.64% | View data |
| 6 | 6 Greece | 4,770 | 2023 | -0.73% | -0.043% | View data |
| 7 | 7 Croatia | 3,210 | 2023 | +8.47% | +9.59% | View data |
| 8 | 8 Estonia | 2,380 | 2023 | +8.54% | +11.15% | View data |
| 9 | 9 Cyprus | 2,350 | 2023 | +10.34% | +13.7% | View data |
| 10 | 10 Slovenia | 2,290 | 2023 | +7.57% | +8.2% | View data |
