The analysis of Global Financial Services and Insurance Value Added by Country shows significant variations among countries in 2024. Luxembourg leads with a value of 27.14, indicating its strong financial sector. South Africa follows with 13.86, showcasing its growing market. Ireland and the United Kingdom have close values of 6.81 and 6.74, respectively, reflecting their well-established financial services.
Belgium (6.15) and Denmark (5.93) also demonstrate strong performances, while countries like Chile (5.21) and Italy (4.77) show moderate improvements. Portugal's value of 4.31 and the Czech Republic's 3.91 indicate a steady presence in the sector. Austria (3.66), Latvia (3.58), and Germany (3.4) exhibit modest growth, whereas Hungary (3.11) and Finland (2.72) present lower values. Lithuania's 1.97 reflects emerging market dynamics.
Future trends to watch include the impact of digital transformation and regulatory changes in these countries. Emerging markets like South Africa, Chile, and Latvia may see further growth due to technology adoption and investments. Established markets such as Luxembourg, Ireland, and the United Kingdom will likely continue to innovate in financial services, strengthening their positions.
Top countries in Financial Services and Insurance Value Added by Country
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Luxembourg | 27.14 | 2023 | View data |
| 2 | 2 South Africa | 13.86 | 2023 | View data |
| 3 | 3 Ireland | 6.81 | 2023 | View data |
| 4 | 4 United Kingdom | 6.74 | 2023 | View data |
| 5 | 5 Belgium | 6.15 | 2023 | View data |
| 6 | 6 Denmark | 5.93 | 2023 | View data |
| 7 | 7 Chile | 5.21 | 2023 | View data |
| 8 | 8 Italy | 4.77 | 2023 | View data |
| 9 | 9 Portugal | 4.31 | 2023 | View data |
| 10 | 10 Czech Republic | 3.91 | 2023 | View data |
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