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In 2022, the EU's financial and insurance activities sector (Section K) comprised a total of almost 867 000 enterprises. These enterprises employed 4.9 million persons and accumulated a net turnover of €2.4 trillion. In 2022, the financial and insurance activities sector generated around €0.9 trillion in value added.
More ...Final services are primarily driven by travel-related activities, such as expenditures by foreign tourists and travelers. With international travel virtually halted or severely restricted for much of 2020, the impact is clearly reflected in the decline of final services during that year. In contrast, the declines in goods were less pronounced but still notable.
By 2022, exports across all categories of goods and services had reached their highest levels since 2017. However, in 2024 (compared to the previous year), exports of capital goods declined by 2 pp, while exports of intermediate services, final services, intermediate goods and final goods increased by 14 pp, 11 pp, 4 pp and 1 pp respectively.
When compared to 2017 levels, all categories recorded growth by 2024. Intermediate services saw the highest increase, rising by 66 pp, followed by final services (+53 pp), intermediate goods (+43 pp), capital goods (+21 pp), and final goods (+18 pp).
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