The financial services and insurance sector in Europe exhibits significant variation by country, with Luxembourg leading at 44.8% of total output. Liechtenstein and Malta follow with 17.7% and 14.9%, respectively. Other notable figures include Switzerland (6.6%), Belgium (5.6%), and France (5.1%). The majority of countries experienced minor fluctuations in the last year, with overall sector performance indicating slight declines or stability.
Year-on-year variations showed Luxembourg experiencing a -1.25% change, while Liechtenstein grew by 3.64%. Noteworthy declines were seen in Malta (-5.34%), Ireland (-4.52%), and Latvia (-4.82%). Lithuania registered a significant increase at 6.19%.
Key future trends to monitor in European financial services and insurance output include the impact of digital transformation, regulatory changes, and fluctuating economic conditions across major markets. Countries like Luxembourg and Liechtenstein may continue to lead due to their established financial hubs, while digital innovation could shift the landscape, offering new opportunities for growth in emerging markets.
Top countries in Financial Services and Insurance Output by Country
| # | 10 Countries | Percent of Total | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Luxembourg | 44.8 | 2023 | 0% | -1.25% | View data |
| 2 | 2 Liechtenstein | 17.7 | 2023 | +3.51% | +3.64% | View data |
| 3 | 3 Malta | 14.9 | 2023 | -6.29% | -5.34% | View data |
| 4 | 4 Cyprus | 13.1 | 2023 | +0.77% | -0.3% | View data |
| 5 | 5 Switzerland | 6.6 | 2023 | 0% | -2.78% | View data |
| 6 | 6 Belgium | 5.6 | 2023 | +5.66% | -0.35% | View data |
| 7 | 7 France | 5.1 | 2023 | 0% | -1.5% | View data |
| 8 | 8 Ireland | 5 | 2023 | -3.85% | -4.52% | View data |
| 9 | 9 Netherlands | 4.4 | 2023 | -2.22% | -4.36% | View data |
| 10 | 10 Denmark | 4.4 | 2023 | 0% | -0.89% | View data |
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