The Gross Value Added (GVA) for financial services in Austria demonstrated a consistent upward trend from 2013 to 2023, reaching 15.58 billion Euros in 2023. Notably, the year-on-year growth rates fluctuated with a peak increase of 4.88% in 2019 and more stable growth of around 1.3% in recent years. The Compound Annual Growth Rate (CAGR) over the last five years stood at 2.28%, indicating a steady growth trajectory.
Future trends to watch for include:
- Continued growth with forecasted GVA reaching 16.55 billion Euros by 2028.
- A projected five-year CAGR of 0.96%, suggesting a gradual but slowing increase in financial services output.
- Potential influences from technological advancements, regulatory changes, and economic conditions that could impact growth rates.