Forecast: Financial Service Activities Gross Value Added in Germany

From 2013 to 2023, Germany’s Financial Service Activities Gross Value Added (GVA) exhibited various trends. Starting at 79.13 billion Euros in 2013, it experienced a series of declines until 2018, when it bottomed out at 69.56 billion Euros. A recovery phase began in 2019, culminating in 79.42 billion Euros in 2023. The last two years leading to 2023 saw moderate growth rates of 2.48% and 2.4%, respectively. Over the past five years, the compound annual growth rate (CAGR) averaged 2.69%.

Future trends to watch for include:

- Continued moderate growth is forecasted, with the GVA expected to reach 88.44 billion Euros by 2028.

- The forecasted five-year CAGR from 2024 to 2028 is 1.71%, signaling a steady but slower growth trend.

- Key drivers and potential disruptors in the financial services sector, such as digital transformation and regulatory changes, will significantly impact this growth trajectory.