Forecast: Financial Services Gross Value Added in the US

In 2023, the Financial Services Gross Value Added (GVA) in the US stood at $1.8193 trillion. Over the last two years, there has been a consistent year-on-year increase, with a 2.72% rise in 2022 and a 2.6% rise in 2023. The Compound Annual Growth Rate (CAGR) for the last five years was 2.74%, indicating a steady but slowing growth trend.

Future trends to watch for:

• The forecasted GVA shows continued growth, expected to reach $2.036 trillion by 2028, with a forecasted 5-year CAGR of 1.78%.
• Monitoring economic policies, regulatory changes, and technological advancements in fintech that could impact the sector’s growth trajectory.