In 2024, the European Financial Services and Insurance output was led by the United Kingdom with €340.62 billion, followed closely by Germany and France, with €323.41 billion and €258.78 billion respectively. Notable countries with strong year-on-year variations in 2023 included Bulgaria (8.91%), Lithuania (22.45%), and Estonia (8.48%). Conversely, Greece experienced a slight decline of -0.33%.
Over the last five years, the Compound Annual Growth Rate (CAGR) shows significant growth in countries such as Poland, Cyprus, and Malta, indicating robust market expansion. Future trends to watch include the growing markets in Eastern Europe, and the impact of digital transformation and regulatory changes on the sector's growth dynamics.
Top countries in Financial Services and Insurance Output by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 340,620 | 2023 | +0.91% | +1.2% | View data |
| 2 | 2 Germany | 323,410 | 2023 | +2.13% | +3.81% | View data |
| 3 | 3 France | 258,780 | 2023 | +1.46% | +2.37% | View data |
| 4 | 4 Italy | 138,750 | 2023 | +0.11% | +0.058% | View data |
| 5 | 5 Luxembourg | 131,250 | 2023 | +4.22% | +6.28% | View data |
| 6 | 6 Switzerland | 116,000 | 2023 | +0.27% | +3.47% | View data |
| 7 | 7 Spain | 92,620 | 2023 | +2.23% | +3.84% | View data |
| 8 | 8 Netherlands | 88,130 | 2023 | +1.58% | +1.29% | View data |
| 9 | 9 Belgium | 65,930 | 2023 | +3.29% | +4.14% | View data |
| 10 | 10 Ireland | 50,730 | 2023 | +3.33% | +4.97% | View data |
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