EU Financial Services and Insurance Gross Value Added

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

  1. China increased 10.2% of Financial Services and Insurance Gross Value Added in 2019, compared to the previous year.
  2. Since 2014 China Financial Services and Insurance Gross Value Added grew 11.7% year on year at €996,407.5 Million.
  3. In 2019 United States was ranked number 1 in Financial Services and Insurance Gross Value Added.
  4. In 2020 Sweden was number 23 in Financial Services and Insurance Gross Value Added totalising €18,589.3 Million, compared to 26 in 2019.

Top Countries in EU Financial Services and Insurance Gross Value Added

Million Euros - 1975 to 2020

# 54 Countries Million Euros Last YoY 5‑years CAGR
1 #1
United States
1,344,165.20 2019 +4.2 % +7.4 % View data
2 #2
China
996,407.50 2019 +10.2 % +11.7 % View data
3 #3
Japan
173,164.20 2019 -0.9 % +1.3 % View data
4 #4
United Kingdom
142,979.40 2019 -2.1 % -1.6 % View data
5 #5
Germany
116,907.00 2020 +0.0 % -0.5 % View data
6 #6
Brazil
107,031.40 2019 +9.1 % +0.9 % View data
7 #7
Australia
102,599.80 2019 -1.2 % +1.8 % View data
8 #8
Canada
102,418.50 2019 +2.2 % +2.7 % View data
9 #9
France
83,005.00 2020 -4.6 % -1.1 % View data
10 #10
South Korea
80,224.50 2019 +0.0 % +5.9 % View data
11 #11
Italy
74,353.40 2020 -4.8 % -2.3 % View data
12 #12
Switzerland
63,607.80 2020 +0.3 % +0.5 % View data
13 #13
Russia
57,779.20 2019 +6.2 % -0.9 % View data
14 #14
Mexico
47,110.00 2019 +12.1 % +6.2 % View data
15 #15
Spain
46,456.00 2020 +7.1 % +4.3 % View data
16 #16
Netherlands
45,003.00 2020 -2.7 % -3.0 % View data
17 #17
Indonesia
42,396.20 2019 +15.6 % +10.3 % View data
18 #18
South Africa
38,703.90 2019 +0.7 % +2.5 % View data
19 #19
Belgium
26,693.10 2020 -2.7 % +2.4 % View data
20 #20
Turkey
23,403.30 2020 +7.9 % +0.2 % View data
22 #22
Ireland
19,311.10 2020 -0.2 % +3.2 % View data
23 #23
Sweden
18,589.30 2020 +13.8 % -0.7 % View data
24 #24
Poland
18,371.80 2020 -4.9 % +4.2 % View data
25 #25
Norway
17,008.00 2020 -0.6 % +1.8 % View data
27 #27
Luxembourg
15,018.20 2020 -2.7 % +2.7 % View data
28 #28
Denmark
14,500.10 2020 -0.8 % +0.4 % View data
29 #29
Austria
13,964.00 2020 -5.3 % +0.7 % View data
30 #30
Israel
13,905.40 2019 +4.6 % +5.5 % View data
31 #31
New Zealand
11,281.80 2019 +4.0 % +5.2 % View data
32 #32
Portugal
8,716.50 2020 -3.1 % +1.1 % View data
33 #33
Czech Republic
7,947.10 2020 -6.1 % +4.1 % View data
34 #34
Greece
7,628.20 2020 -8.5 % -0.6 % View data
35 #35
Finland
6,516.00 2020 +6.6 % +2.3 % View data
36 #36
Romania
5,325.50 2020 +2.7 % +1.8 % View data
37 #37
Hungary
4,332.30 2020 -2.3 % +5.0 % View data
38 #38
Bulgaria
3,242.60 2020 +5.3 % +3.5 % View data
39 #39
Slovakia
2,585.90 2020 -1.2 % +1.1 % View data
40 #40
Croatia
2,489.60 2020 -5.2 % +1.1 % View data
41 #41
Slovenia
1,632.80 2020 +1.8 % +3.7 % View data
42 #42
Serbia
1,520.00 2020 +5.0 % +7.4 % View data
43 #43
Cyprus
1,494.30 2020 -1.1 % -5.6 % View data
44 #44
Estonia
1,168.10 2020 +6.8 % +8.4 % View data
45 #45
Iceland
1,045.40 2020 -7.7 % +2.5 % View data
46 #46
Lithuania
1,008.90 2020 -0.1 % +7.4 % View data
47 #47
Malta
1,001.20 2020 +4.9 % +6.2 % View data
48 #48
Liechtenstein
739.60 2018 +24.9 % NA View data
49 #49
Latvia
708.70 2020 -9.0 % -7.3 % View data
50 #50
Bosnia and Herzegovina
682.80 2019 +4.3 % +5.3 % View data
51 #51
Albania
312.50 2019 +7.1 % +4.5 % View data
52 #52
Macedonia
311.10 2020 -0.5 % +2.4 % View data
53 #53
Kosovo
269.40 2019 +13.3 % +4.0 % View data
54 #54
Montenegro
186.60 2019 +0.3 % +2.6 % View data

Source: European Commission

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