The analysis of the Gross Value Added (GVA) in the Insurance, Reinsurance and Pension Funding sectors in Germany reveals fluctuating yet overall positive growth from 2013 to 2023. The value in 2023 stood at 36.01 billion euros. Significant spikes occurred in 2015 (13.93%) and 2021 (29.53%), while downturns were noted in 2014 (-5.53%) and 2020 (-4.99%). The average annual growth (CAGR) over the past five years was 3.59%, indicating steady progression.
Future trends to watch for include:
- Projected continued growth with a 5-year forecast CAGR of 2.92%.
- An anticipated total growth rate of 15.47% by 2028, suggesting robust sector expansion.
