In 2023, the European Value Added from Activities Auxiliary to Financial Services and Insurance Activities showed varied trends across countries. France led with €24.55 billion, followed by Germany and Italy with €21.4 billion and €18.71 billion, respectively. Other notable contributions came from the Netherlands and Luxembourg. Year-on-year, Ireland exhibited the highest increase at 4.19%, with France, Germany, and Luxembourg also showing significant growth. Conversely, Greece experienced a decline of 4.62%. Over the past five years, most countries have maintained steady growth, reflecting the sector's resilience and adaptability.
Future trends to watch include:
- The impact of economic policies and digital transformation on the financial services landscape.
- Potential disruptions from technological advancements and emerging financial hubs.
- Regional integration and cross-border financial activities, particularly in the EU zone.
- Influence of regulatory changes on market dynamics and competition.
Top countries in Value Added of Activities Auxiliary to Financial Service and Insurance Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 24,550 | 2023 | +2.62% | +3.84% | View data |
| 2 | 2 Germany | 21,400 | 2023 | +2.31% | +3.23% | View data |
| 3 | 3 Italy | 18,710 | 2023 | +1.94% | +2.62% | View data |
| 4 | 4 Netherlands | 6,540 | 2023 | +2.3% | +2.12% | View data |
| 5 | 5 Luxembourg | 5,670 | 2023 | +3.09% | +3.7% | View data |
| 6 | 6 Spain | 5,250 | 2023 | +2.62% | +2.65% | View data |
| 7 | 7 Belgium | 4,730 | 2023 | +2.39% | +2.47% | View data |
| 8 | 8 Ireland | 4,010 | 2023 | +2.94% | +4.19% | View data |
| 9 | 9 Austria | 1,460 | 2023 | +2.35% | +2.73% | View data |
| 10 | 10 Finland | 1,410 | 2023 | +3.07% | +3.35% | View data |
