Serbia’s IT Exports Surge: Four Billion Euros Expected

The Ministry of Information and Telecommunications recently announced that the export of products and services in the field of information and telecommunications technology (ICT) saw a significant growth of 18.84 percent in the first six months of 2024 compared to the same period last year, which was already a record year. This impressive growth contributed to ICT services exports reaching a value of almost two billion euros in the first half of the year, specifically 1.943 billion euros, representing a significant jump compared to the same period last year, when exports amounted to 1.635 billion euros.

Historical data shows that revenue from the export of this economic sector increased tenfold between 2012 and 2023, highlighting the importance and potential of the ICT sector for the Serbian economy. Based on current projections, the total export from this sector is expected to reach four billion euros by the end of the year, which would mark another record for this rapidly growing industry.

The Ministry of Information and Telecommunications emphasized that it will continue implementing various activities aimed at further accelerating the development of the ICT sector, recognizing it as one of the key drivers of overall economic progress in Serbia. These efforts include improving the business environment and creating all the necessary conditions to ensure the continued growth of this sector in the years to come.