Forecast: Value Added of Financial Services in Belgium

The value added of financial services in Belgium showed a steady increase from 21.51 billion euros in 2013 to 29.47 billion euros in 2023. The notable trends include a strong spike in 2015 (+10.71%) and a marked slowdown in 2020 (-0.065%). Over the last two years (2021 and 2022), growth decelerated, with variations of 3.19% and 2.52%, respectively. As of 2023, the growth rate stabilized at 2.43%, indicating consistent yet moderate performance. The five-year CAGR reflects this slower trajectory, averaging at 1.84% per year, with future forecasts predicting a 1.73% CAGR through 2028, signaling an overall growth rate of 8.96% by the end of the period.

Future trends to watch for include the potential impact of digital transformation in financial services, regulatory changes, and the influence of global economic conditions on Belgium's financial sector. Additionally, monitoring technological advancements and their adoption in financial services will be crucial for understanding future growth dynamics.