The financial service activities gross value added (GVA) in Sweden has shown considerable fluctuations from 2013 to 2023, peaking in certain years and declining in others, with 2023 standing at 140.14 billion SEK. The series recorded notable year-on-year variation, such as a 17.66% increase in 2020 and a more modest 1.99% increase in 2023. The last five years witnessed a compound annual growth rate (CAGR) of 5.09%, indicating steady but moderate growth.
Future forecasts suggest a continuation of this modest growth trend, with the GVA projected to reach 153.43 billion SEK by 2028. The forecasted CAGR over the next five years is 1.44%, a slower growth rate compared to the previous period.
Trends to watch for include:
- Potential impacts of global economic conditions on Sweden’s financial sector
- Changes in regulatory environments
- Technological advancements and digital transformation influences
- Shifts in consumer behavior and financial service demands