Since 2013, output in Germany has grown from €142.56 Billion to an estimated €231.96 Billion in 2023, marking a steady increase. Notable year-on-year variations include: 6.06% in 2019, 1.17% in 2020, and 13.72% in 2021. The most recent CAGR over the last 5 years is 4.58%. Looking ahead to 2028, the forecasted 5-year CAGR is 1.43%, representing a 7.34% overall growth.
Future trends to watch: Continued digital transformation, increased regulatory compliance, and ESG (Environmental, Social, Governance) considerations are expected to significantly influence the sector's evolution.
