Forecast: Gross Income of Financial Services in Belgium

The gross income of the financial services sector in Belgium has shown a significant downward trend between 2013 and 2023, standing at 34.2 million euros in the latest year. The sector experienced particularly sharp declines in 2015 and from 2017 to 2018, followed by a slight recovery in 2019 and stabilization in 2020. However, the trend remained downwards overall, with the value decreasing by an average of 6.94% per year over the last five years. Looking ahead, the forecast suggests continued contraction, with the gross income anticipated to decline by a CAGR of 10.01% over the next five years. The overall projected growth rate stands at -40.98% for the period up to 2028.

Future trends to watch for:

• The impact of digital transformation on traditional financial services
• Regulatory changes and their influence on market dynamics
• Shifts in consumer behavior towards fintech and alternative financial solutions
• Potential economic fluctuations and their effect on financial services demand