The Gross Value Added (GVA) in Turkey's financial services sector has shown robust growth from 2013 to 2023, reaching 262.79 Billion New Turkish Liras in 2023. The GVA grew significantly, particularly during 2020 with a year-on-year increase of 39.42%. Over the last two years, the sector maintained healthy growth with a 16.34% increase in 2022 and a 12.77% increase in 2023. The five-year CAGR up to 2023 was 18.57%.

Looking forward from 2024 to 2028, the financial services sector is projected to grow steadily with a forecasted CAGR of 6.86%, reaching 407.18 Billion New Turkish Liras by 2028. This represents a projected five-year growth rate of 39.32%.

Future trends to watch for include:

The impact of economic policy changes on the financial sector.
Technological advancements, particularly in fintech, which could drive sector growth and efficiency.
Regional economic stability and its effects on investor confidence and financial activities.
Inflation rates and their potential impact on financial services valuation.
Government regulations and their influence on the financial market landscape.