Forecast: Value Added of Financial Services in the US

The value added of financial services in the US has shown steady growth from 2013 to 2023, reaching $2.0923 trillion in 2023. Actual year-on-year growth rates varied, with notable increases in 2014 (11.46%) and 2021 (10.17%). The Compound Annual Growth Rate (CAGR) over the last five years stands at 5.74%, indicating a robust expansion in the financial services sector.

Forecasted data from 2024 onwards shows continued growth, albeit at a slightly reduced pace. The 2028 forecast points to a 5-year CAGR of 3.12%, suggesting a more modest average annual growth rate compared to previous years.

Future trends to watch for include the impact of technological advancements on financial services, evolving regulatory environments, and potential economic fluctuations. Monitoring these factors will be crucial for understanding the trajectory of value added in the sector.