The European Value Added of Activities Auxiliary to Financial Service and Insurance Activities in 2023 presents France as the leader, followed closely by Germany and Italy. France experienced a 3.84% increase year-on-year, while Germany and Italy saw 3.23% and 2.62% increases, respectively. Ireland demonstrated the highest growth at 4.19%, while Greece faced a 4.62% decline. Meanwhile, countries like Estonia and Luxembourg also saw solid growth around 3.84% and 3.7%. The Compound Annual Growth Rate over the past five years indicates consistent upticks, although variances are noted among smaller economies.
Future trends to monitor include technological advancements, particularly in fintech, which might spur further growth across smaller economies, potentially reshaping the landscape of value-added contributions in this sector by enhancing efficiency and creating competitive advantages.
Top countries in Value Added of Activities Auxiliary to Financial Service and Insurance Activities Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 26.04 | 2023 | +2.62% | +3.84% | View data |
| 2 | 2 Germany | 22.7 | 2023 | +2.31% | +3.23% | View data |
| 3 | 3 Italy | 19.85 | 2023 | +1.94% | +2.62% | View data |
| 4 | 4 Netherlands | 6.94 | 2023 | +2.3% | +2.12% | View data |
| 5 | 5 Luxembourg | 6.02 | 2023 | +3.09% | +3.7% | View data |
| 6 | 6 Spain | 5.57 | 2023 | +2.62% | +2.65% | View data |
| 7 | 7 Belgium | 5.02 | 2023 | +2.39% | +2.47% | View data |
| 8 | 8 Ireland | 4.26 | 2023 | +2.94% | +4.19% | View data |
| 9 | 9 Austria | 1.55 | 2023 | +2.35% | +2.73% | View data |
| 10 | 10 Finland | 1.49 | 2023 | +3.07% | +3.35% | View data |
