The share of Insurance and Financial Services in Norway's service exports is expected to consistently increase from 8.35% in 2024 to 8.92% in 2028, showing a steady annual growth. This positive trend reflects an average year-on-year variation of approximately 0.15 percentage points. In 2023, the actual share stood at 8.22%. Hence, the projected trend over the next five years (2023-2028) shows a compound annual growth rate (CAGR) of around 1.61%.

Future trends to watch for:

Potential shifts in global financial markets influencing Norway’s export capacity.
Technological advancements within the insurance and financial services sectors.
Changes in regulatory environments impacting service exports.
Evolving consumer demand for financial products and services internationally.