By 2030, the EU digital economy is projected to reach the size of the Italian economy but lags behind leading economies like the US and China.
- The EU’s digital economy will grow by 1.1 percentage points of GDP every year, adding an extra €2 trillion by 2030, comparable to the size of the Italian economy in 2020. || Source: Oliver Wyman
- Between 2017 and 2022, the EU saw a 50% increase in its Digital Economy and Society Index (DESI) score, with internet connectivity surging, particularly since 2020 in the aftermath of the COVID-19 pandemic. || Source: Statista
- In 2022, Finland led the DESI, excelling in digital skills. Denmark topped in digital connectivity, and Estonia in digital public services. Greece, Bulgaria, and Romania ranked lowest in digitalization. || Source: Eurostat
+ Despite progress, the EU’s digital economy struggles to compete globally. In 2019, the market capitalization of the four largest US and Chinese tech companies was 17 times that of the top 10 EU telcos.
