The Gross Value Added (GVA) in Financial Services and Insurance in Sweden has experienced significant fluctuations over the past decade. Starting from a value of 17.85 billion euros in 2013, there was an overall upward trend, despite occasional drops, reaching 22.32 billion euros in 2023. Year-on-year variations alternated between growth and decline, with notable increases in 2015, 2020, and 2021. The 5-year Compound Annual Growth Rate (CAGR) reflected a modest average growth, with the highest recent CAGR standing at 6.12% in 2023. However, future forecasts predict a slowing growth rate with a 5-year forecast CAGR of 1.28% and an overall expected growth of 6.56% by 2028.
* Over the last two years, the year-on-year variation has been positive, with 1.75% in 2023 and 4.18% in 2022, reflecting short-term stability.* The long-term trend indicates a general increase in GVA, peaking in 2028 at 24.19 billion euros.* Short-term CAGR has been strong, particularly notable in 2023 at 6.12%, but future forecasts suggest slower growth.
Future trends to watch for include potential impacts from economic policy changes, digital transformation in financial services, regulatory shifts, and global economic conditions. These factors may play crucial roles in influencing the trajectory of GVA in this sector.
