EU Financial Services and Insurance Gross Value Added

This key economic indicator for the Insurance sector has been recently updated.

  1. In 2019, Financial Services and Insurance Gross Value Added in China was up 6.2% compared to the previous year.
  2. Since 2014 China Financial Services and Insurance Gross Value Added jumped by 10.5% year on year at €939,927.2 Million.
  3. In 2019 United States was number 1 in Financial Services and Insurance Gross Value Added.
  4. In 2019 Estonia was ranked number 44 in Financial Services and Insurance Gross Value Added with €1,080.3 Million, compared to 47 in 2018.

Top Countries in EU Financial Services and Insurance Gross Value Added

# 53 Countries Million Euros Last YoY 5‑years CAGR
1 #1
United States
1,359,359.40 2019 +3.3 % +7.6 % View data
2 #2
China
939,927.20 2019 +6.2 % +10.5 % View data
3 #3
Japan
173,164.20 2019 -0.9 % +1.3 % View data
4 #4
United Kingdom
147,686.80 2019 -2.7 % -1.2 % View data
5 #5
Brazil
124,540.70 2019 +3.1 % +4.0 % View data
6 #6
Germany
119,480.00 2019 +1.3 % +0.3 % View data
7 #7
Australia
111,889.10 2019 +4.3 % +3.5 % View data
8 #8
Canada
101,460.40 2019 +2.1 % +2.5 % View data
9 #9
South Korea
82,067.60 2019 +2.2 % +6.4 % View data
10 #10
France
81,554.00 2019 +1.1 % -1.3 % View data
11 #11
Italy
77,259.40 2019 -0.0 % -1.9 % View data
12 #12
Switzerland
57,604.50 2019 +5.2 % +2.3 % View data
13 #13
Russia
50,966.00 2019 -1.3 % -2.9 % View data
14 #14
Netherlands
46,177.00 2019 -1.7 % -3.0 % View data
15 #15
Spain
45,220.00 2019 +3.3 % +3.8 % View data
16 #16
Mexico
43,113.70 2019 +2.7 % +4.3 % View data
17 #17
Indonesia
42,396.20 2019 +15.6 % +10.3 % View data
18 #18
South Africa
39,267.50 2019 +2.2 % +2.8 % View data
19 #19
Belgium
27,501.70 2019 +7.8 % +4.5 % View data
20 #20
Ireland
23,321.40 2019 +7.5 % +9.0 % View data
21 #21
Turkey
21,759.00 2019 +11.0 % +1.5 % View data
23 #23
Poland
19,454.60 2019 +6.3 % +3.4 % View data
24 #24
Norway
16,164.00 2019 +1.6 % -0.3 % View data
26 #26
Luxembourg
15,431.00 2019 +8.3 % +5.6 % View data
27 #27
Sweden
15,417.00 2019 -1.7 % -3.0 % View data
28 #28
Denmark
14,662.90 2019 -1.3 % +1.2 % View data
29 #29
Austria
14,367.10 2019 +3.1 % +2.1 % View data
30 #30
Israel
14,052.30 2019 +2.7 % +5.7 % View data
31 #31
New Zealand
11,281.80 2019 +4.0 % +5.2 % View data
32 #32
Portugal
9,129.00 2019 +5.6 % +2.6 % View data
33 #33
Czech Republic
7,528.80 2019 +2.7 % +4.3 % View data
34 #34
Finland
6,265.00 2019 -4.3 % +1.7 % View data
35 #35
Romania
5,415.80 2019 +6.5 % -0.0 % View data
36 #36
Greece
5,379.20 2019 -7.8 % -6.5 % View data
37 #37
Hungary
4,046.50 2019 +1.0 % +3.0 % View data
38 #38
Bulgaria
3,444.40 2019 +6.4 % +6.5 % View data
39 #39
Slovakia
2,746.30 2019 +9.5 % +1.8 % View data
40 #40
Croatia
2,702.50 2019 +2.9 % +2.6 % View data
41 #41
Slovenia
1,579.00 2019 +4.0 % +3.9 % View data
42 #42
Cyprus
1,454.20 2019 -6.2 % -5.0 % View data
43 #43
Serbia
1,378.00 2019 +7.2 % +6.3 % View data
44 #44
Estonia
1,080.30 2019 +19.1 % +8.6 % View data
45 #45
Iceland
1,011.80 2019 -14.9 % +2.1 % View data
46 #46
Lithuania
1,009.30 2019 +9.5 % +8.8 % View data
47 #47
Latvia
859.10 2019 -6.6 % -2.0 % View data
48 #48
Malta
657.40 2019 +2.3 % +5.0 % View data
49 #49
Bosnia and Herzegovina
621.10 2019 +2.3 % +3.3 % View data
50 #50
Macedonia
327.50 2019 +4.3 % +5.5 % View data
51 #51
Albania
292.90 2018 +1.4 % +6.2 % View data
52 #52
Kosovo
231.70 2019 -2.6 % +0.9 % View data
53 #53
Montenegro
190.70 2019 +2.5 % +3.1 % View data

Source: European Commission

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