In 2023, France led the European Production of Activities Auxiliary to Financial Service and Insurance Activities with a volume of 55.73 billion euros, showing a year-on-year growth of 3.29%. Germany followed at 40.75 billion euros, with a 2.73% increase. Luxembourg, third, experienced a notable 3.81% rise, highlighting its growing sector presence. Other notable countries include Italy, showing a 1.58% increase, and Ireland, with the highest growth of 3.85%. Negative growth was observed in Greece, at -2.82%, reflecting economic challenges. Over the last five years, varying levels of Compound Annual Growth Rate (CAGR) were seen, indicating diverse market evolution among these nations.
Future trends to watch include:
- Potential regulatory changes impacting cross-border financial activities within the EU.
- The continued impact of digital transformation across financial services.
- Potential for economic recovery in countries with negative growth, such as Greece.
- Expansion and innovation in fintech offerings in key markets like Ireland.
Top countries in Production of Activities Auxiliary to Financial Service and Insurance Activities by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 55,730 | 2023 | +2.72% | +3.29% | View data |
| 2 | 2 Germany | 40,750 | 2023 | +1.95% | +2.73% | View data |
| 3 | 3 Luxembourg | 37,730 | 2023 | +3.31% | +3.81% | View data |
| 4 | 4 Italy | 30,890 | 2023 | +1.6% | +1.58% | View data |
| 5 | 5 Belgium | 13,530 | 2023 | +2.72% | +3.04% | View data |
| 6 | 6 Spain | 12,320 | 2023 | +2.18% | +2.5% | View data |
| 7 | 7 Netherlands | 10,710 | 2023 | +2.34% | +2.32% | View data |
| 8 | 8 Ireland | 10,170 | 2023 | +2.78% | +3.85% | View data |
| 9 | 9 Austria | 3,940 | 2023 | +2.04% | +2.4% | View data |
| 10 | 10 Finland | 3,650 | 2023 | +3.05% | +3.49% | View data |
