Between 2023 and 2028, the share of Insurance and Financial Services in Austria's service exports is forecasted to slightly decline. Starting at 4.50% in 2023, the share is expected to decrease to 4.26% by 2028. This represents a steady year-on-year decline with small percentage drops. Specifically, the annual changes are -1.35% in 2025, -0.91% in 2026, -0.92% in 2027, and -0.70% in 2028. The five-year CAGR is approximately -1.07%, indicating a modest but consistent downward trend.
Future trends to watch for include potential shifts in global financial markets, regulatory changes within the EU, and Austria’s economic policies impacting the insurance and financial sectors. Additionally, technological advancements and digital transformation within financial services will be crucial factors influencing future export shares.
