Forecast: Financial Services Gross Value Added in Austria

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.

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