Over the period from 2013 to 2023, the Gross Value Added (GVA) in Germany's financial services sector exhibited moderate growth with fluctuations. Notably, there was a setback in 2016 with a -1.43% year-on-year decline, but a recovery followed, culminating in a GVA of 126.45 billion euros in 2023. On a year-on-year basis, the GVA increased by 1.36% in 2023, and the compound annual growth rate (CAGR) from 2018 to 2023 averaged at 1.32%.
Looking forward, the forecast suggests that the financial services GVA will continue to grow steadily, reaching 134.66 billion euros by 2028. The five-year forecasted CAGR indicates a growth rate of 1%, contributing to an overall increase of 5.1% from 2024 to 2028.
Future trends to watch for:
- Digital transformation and its impact on operational efficiencies and new service offerings in financial services.
- Regulatory changes and their influence on market dynamics and competition.
- Macroeconomic factors such as interest rate changes and economic growth influencing financial sector performance.
Latest reports
US Fintech Market Report- Q4 2024
In the fourth quarter of 2024, the US fintech market continued to evolve dynamically, driven by significant advances in digital payments, online lending,...
Japan Fintech Market Report- Q4 2024
In Q4 2024, the Fintech sector in Japan continued to demonstrate robust growth, significantly influenced by advancements in digital payments, neobanks, and blockchain...
Germany Fintech Market Report- Q4 2024
The fourth quarter of 2024 marks a pivotal moment for the Fintech Germany sector, characterized by significant developments across various market segments. This...
India Fintech Market Report- Q4 2024
In the fourth quarter of 2024, the Indian fintech sector experienced remarkable growth, primarily driven by innovations in digital payments, online lending, and...
UK Fintech Market Report- Q4 2024
The UK fintech sector in the fourth quarter of 2024 showcased significant transformations characterized by technological advancements, regulatory shifts, and evolving consumer preferences....
France Fintech Market Report- Q4 2024
The fourth quarter of 2024 marked a transformative period for the Fintech France landscape, driven by significant developments across various market segments. The...
Canada Fintech Market Report- Q4 2024
The fourth quarter of 2024 marked a transformative period for the Fintech Canada landscape, characterized by significant advancements across digital payments, neobanks, AI...
Brazil Fintech Market Report- Q4 2024
The Q4 2024 report on the Brazilian fintech landscape presents a dynamic period marked by significant developments across various segments, including digital payments,...
Italy Fintech Market Report- Q4 2024
The Italy Fintech Market Report for Q4 2024 highlights significant advancements in the financial technology sector, reflecting robust growth and innovation across various...
South Korea Fintech Market Report- Q1 2025
The first quarter of 2025 has been pivotal for the fintech landscape in South Korea, characterized by significant advancements and regulatory developments. As...
