In 2023, the Financial Services and Insurance Gross Value Added (GVA) in Indonesia was valued at 49.22 billion Euros. The historical data from 2013 to 2023 displays significant variability, including substantial annual increases, such as in 2015 (20.42%) and 2022 (19.05%). The sector also experienced declines, notably in 2014 (-2.9%), 2018 (-2.92%), and 2023 (-4.98%). On the other hand, the compound annual growth rate (CAGR) over the last five years measures at 6.06%, indicating robust medium-term growth despite these fluctuations.
Forecasted data from 2024 to 2028 project a moderate yet consistent upward trend, with a five-year CAGR of 3.02% and an anticipated growth rate of 16.03% by 2028, culminating in a value of 59.56 billion Euros.
Future trends to watch for include the integration of digital technologies in financial services, regulatory changes, economic stability post-pandemic, and the increasing importance of sustainability factors within financial products and services.
