The data on self-employed individuals in the financial services sector in 2024 indicates that Poland leads significantly with 24.22 million hours, reflecting a strong year-on-year increase of 5.66%. The Czech Republic, though notably ahead in the region, experienced a decline of 6.1%. Ireland and the Netherlands showed positive trends with rises of 4.13% and 2.81%, respectively. Slovenia and Luxembourg achieved remarkable growth rates of 13.51% and 29.67%. In contrast, Norway and Slovakia saw declines of 6.27% and 4.61%. Notably, volumes remain low in Nordic countries, with Finland, Norway, and Iceland reporting minimal engagement.
Looking ahead, we anticipate continued growth in Poland due to economic expansion and entrepreneurial trends. Slovenia and Luxembourg may continue their upward momentum, driven by favorable regulatory environments and technological adoption. The digitalization of financial services is likely to further influence self-employment levels, with potential growth in countries that embrace fintech innovations. Moreover, a keen watch on economic and policy shifts in Europe will help inform future predictions in this sector.
Top countries in Self-Employed People in Financial Service Activities Sector by Country
| # | 10 Countries | Million Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 24.22 | 2023 | +0.51% | +5.66% | View data |
| 2 | 2 Czech Republic | 6.37 | 2023 | -3.43% | -6.1% | View data |
| 3 | 3 Ireland | 5.7 | 2023 | +0.39% | +4.13% | View data |
| 4 | 4 New Zealand | 4.52 | 2023 | +12.44% | View data | |
| 5 | 5 Romania | 1.55 | 2023 | -0.13% | View data | |
| 6 | 6 Slovakia | 1.33 | 2023 | +1.69% | -4.61% | View data |
| 7 | 7 Netherlands | 0.97 | 2023 | -12.5% | +2.81% | View data |
| 8 | 8 Finland | 0.1 | 2023 | 0% | 0% | View data |
| 9 | 9 Slovenia | 0.049 | 2023 | +2.08% | +13.51% | View data |
| 10 | 10 Norway | 0.034 | 2023 | -5.56% | -6.27% | View data |
