|Practice area:||Finance | Financial markets and Institutions|
|Client:||City of London Corporation|
|Published:||28 November, 2014|
The Importance of Wholesale Financial Services to the EU Economy 2014 provides data at an EU level on the wholesale financial sector from 2001 to 2013. For the purpose of this analysis, the wholesale financial sector refers to the provision of financial and insurance services to corporate clients, investors, institutions and public sector bodies, as opposed to retail financial services provided to individuals. The focus of this report is on gross value added (GVA) generated by the wholesale financial sector at the EU level, as well as the contribution of wholesale financial services to each Member State’s economy. In 2013, it is estimated that the GVA of the EU28 wholesale financial sector amounted to €263.4 billion, equivalent to 1.5% of total EU28 GVA.
This report was prepared for the City of London.