The output of Activities Auxiliary to Financial Services and Insurance Activities in Austria reached 4.41 billion euros in 2023. Historical data indicate a consistent growth trend, with an average annual growth rate (CAGR) of 3.66% over the past five years. Year-on-year growth rates have varied, but recent years (2022 and 2023) saw increases of 3.97% and 3.28%, respectively.
Looking forward, the forecast suggests continued but slightly slower growth with an anticipated CAGR of 2.27% over the next five years, leading to a cumulative growth rate of 11.9% by 2028.
Future trends to watch for include:
- Technological advancements in financial services
- Regulatory changes affecting financial and insurance activities
- Market consolidation and increased competition
- Economic impacts of global and regional instability
