South Africa - Financial Services and Insurance Gross Value Added

Since 2014, South Africa Financial Services and Insurance Gross Value Added grew 2.8% year on year. In 2019, the country was ranked number 18 among other countries in Financial Services and Insurance Gross Value Added with €39,267.5 Million. South Africa is overtaken by Indonesia, which was ranked number 17 at €42,396.2 Million and is followed by Belgium with €27,501.7 Million. United States topped the ranking with €1,359,359.4 Million in 2019, that is a growth of 3.3% versus 2018. China, Japan and United Kingdom respectively ranked number 2, 3 and 4 in this ranking. China witnessed the best average annual growth at +10.5% per year, while Greece witnessed the worst performance at -6.5% per year.

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Date Million Euros
2019 39,267.50
2018 38,427.10
2017 39,051.00
2016 34,295.70
2015 37,036.50
Download all data from 1994 to 2019

How does South Africa rank in 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
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
Compare all 53 countries

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