An analysis of the Financial Services and Insurance wages and salaries in Italy from 2013 to 2023 reveals fluctuations with an overall growth trajectory. In 2023, the value stood at 26.41 billion Euros. Actual data show variability in year-on-year percentage changes, with significant increments in 2019 (3.46%) and 2021 (3.39%), and occasional setbacks, such as in 2017 (-2.36%) and 2020 (-1.36%). The compound annual growth rate (CAGR) over the past 5 years preceding 2023 is 1.61%, indicating moderate growth.
Future trends to watch for include:
- Projected steady growth with an average forecasted 5-year CAGR of 1.12% until 2028.
- By 2028, wages and salaries are forecasted to reach 28.34 billion Euros, marking a total 5-year growth rate of 5.75% from 2023.
