This publication brings together key facts and statistics about EU financial and related professional services. The sector has an important role in supporting business investment and growth, offering people secure access to their money, protecting against risks and providing stability for households and corporations.
- The EU financial services industry employed 6.4 million people at the end of 2013. Related professional services provided an additional 5.1 million jobs, for a combined total of 11.5 million. Germany, the UK, France and Italy, each with over 1.2 million staff, account for 60% of EU employment in the industry.
- The EU financial services sector accounted for €636bn of gross value added in 2013, nearly 6% of total EU economic output. Taking related professional services into account raises this total to around 10%. This was well above the 5.3% share of employment indicating that it is a highly productive sector.
- EU Member States generate some of the largest trade surpluses in financial services worldwide. The EU is the leading exporter of financial services with extra-EU exports of €77bn accounting for about a quarter of the global total.
One of the central roles of TheCityUK is to provide policymakers in Brussels, London and other European capitals with the evidence and data to inform their decisions. This publication is part of that on-going dialogue about how the financial and related professional services industry can work best for Europe’s people and businesses.