The value of wages and salaries in financial services in Sweden has grown consistently over the past decade, reaching 67.57 billion SEK in 2023. Between 2013 and 2023, the sector saw fluctuations in year-on-year growth, with notable increases such as 12.73% in 2015. The average annual growth rate over the past five years (CAGR) was 3.16%.
Looking forward, the forecast indicates that wages and salaries are expected to grow to 76.18 billion SEK by 2028, representing a CAGR of 1.9% from 2024 to 2028. The overall growth rate over this five-year period is anticipated to be 9.88%.
Future trends to watch for include the impact of digital transformation, regulatory changes, and economic conditions on wage growth. Automation and the rise of fintech may also influence compensation structures and overall salary trends in the sector.