Forecast: Financial Services Gross Value Added in Sweden

Financial Services Gross Value Added (GVA) in Sweden has demonstrated significant year-on-year variation from 2013 to 2023, with notable fluctuations. In 2023, the GVA stood at 219.44 Billion Swedish Kronas, representing a consistent if modest growth rate of 2.3% compared to the previous year, following a 2.22% increase in 2022. This period observed a compound annual growth rate (CAGR) of 5.22% over the last five years.

From 2013 to 2023, the financial services GVA experienced dynamic trends, with pronounced peaks and troughs. Highs were notably reached in 2015 (9.76% year-on-year growth) and 2020 (13.11% year-on-year growth), contrasted with periods of negative growth in 2016 (-2.12%) and 2017 (-4.41%). The recovery post-2020 highlighted resilience in the sector despite market challenges.

Looking forward, Swedish financial services GVA is forecasted to grow at a slower pace, with a five-year CAGR projected at 1.65% from 2024 to 2028, resulting in an overall 8.51% growth rate by 2028. Future trends to watch for include the impact of technological advancements, regulatory changes, and global economic conditions on the sector’s growth dynamics.