The United Kingdom leads in financial services and insurance wages and salaries with €68.91B in 2024, followed by Germany with €62.46B and France at €47.02B. Switzerland, though economically strong, records €32.93B, below the top three. Italy and the Netherlands show moderate values at €26.41B and €17.12B, respectively. Spain, Austria, Belgium, and Ireland have values between €14.5B and €7.47B, indicating less dominance but still significant activity.
Year-on-year (YoY) changes reveal varying trends: Lithuania (+25.06%), Estonia (+8.33%), and Romania (+7.96%) exhibit substantial growth, suggesting increasing economic involvement in financial services. Ireland (+4.48%), France (+4.33%), and Switzerland (+4.0%) also indicate stable upward trends. Negative YoY growth in Spain (-0.078%) highlights regional economic challenges.
For future trends, expect continued growth in emerging markets such as Lithuania and Romania due to technological advancements and digital financial services adaptation. Established markets like the UK and Germany may experience slower growth but retain their significance. Watch for digital transformation's impact and regulatory changes shaping market dynamics.
Top countries in Financial Services and Insurance Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 68,910 | 2023 | +0.98% | +1.55% | View data |
| 2 | 2 Germany | 62,460 | 2023 | +1.4% | +1.67% | View data |
| 3 | 3 France | 47,020 | 2023 | +3.01% | +4.33% | View data |
| 4 | 4 Switzerland | 32,930 | 2023 | -1.41% | +4% | View data |
| 5 | 5 Italy | 26,410 | 2023 | +1.54% | +1.61% | View data |
| 6 | 6 Netherlands | 17,120 | 2023 | +5.11% | +4.8% | View data |
| 7 | 7 Spain | 14,500 | 2023 | -0.49% | -0.078% | View data |
| 8 | 8 Austria | 7,800 | 2023 | +2.14% | +3.17% | View data |
| 9 | 9 Belgium | 7,660 | 2023 | +1.1% | +0.98% | View data |
| 10 | 10 Ireland | 7,470 | 2023 | +2.65% | +4.48% | View data |
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