Global Employees in Financial Service Activities Sector by Country

In 2024, the United States leads the Financial Service Activities sector with 6.55 billion hours, showing a 0.58% year-on-year increase from 2023. Canada follows at 1.27 billion hours, with a more modest 0.37% rise. Notable declines can be observed in Italy and Poland, decreasing by 0.67% and 1.11%, respectively. Ireland, however, has shown remarkable growth at 4.32%. Other growing markets include Sweden (3.88%), New Zealand (2.86%), and Luxembourg (0.97%). Conversely, notable declines occurred in the Czech Republic (-4.35%), Portugal (-1.17%), and Denmark (-1.26%). Countries such as Hungary and Norway exhibit minor growth, whereas markets like Slovakia and Slovenia continue on a downward trend.

Future trends to watch include:

• Continued growth in emerging markets like Ireland and Sweden.

• Monitoring industries in significant decline, such as the Czech Republic and Slovenia, to gauge broader economic impacts.

• Observing technological innovations that may position countries differently within the global financial services workforce.