In 2023, the share of Insurance and Financial Services in Switzerland's service exports stood at 22.20%. The forecasted data from 2024 to 2028 shows a steady, albeit slow, upward trend. Specifically, from 2024 to 2028, this share is expected to increase from 22.27% to 22.47%. This represents an average annual growth rate of approximately 0.23% based on the compound annual growth rate (CAGR) over these years.
Year-on-year variations:
- 2024: +0.32% from 2023
- 2025: +0.27% from 2024
- 2026: +0.22% from 2025
- 2027: +0.18% from 2026
- 2028: +0.22% from 2027
Future trends to watch for include technological advancements in FinTech, regulatory changes, economic shifts impacting financial services demand, and evolving international trade dynamics. These factors could influence the projections and potentially accelerate or decelerate growth in this sector's share of service exports.
