The value-added of business services in France has shown consistent growth from 2013 to 2023, reaching 1246.3 Billion Euros in 2023. From 2013-2018, the sector experienced accelerating growth, with the highest year-on-year increase of 3.63% in 2019. Despite a slight slowdown in 2020, attributed to the global pandemic, moderate growth resumed from 2021 onwards. Over the last two years, the sector's growth has averaged around 1.69% annually, with a five-year CAGR of 1.99% leading up to 2023.
Looking ahead, the forecasted data suggest a steady, albeit slower, growth trend, with the annual growth rate averaging 1.17% over the next five years, culminating in a 5.99% total growth by 2028. Future trends to watch for include the impact of digital transformation, the role of AI and automation in increasing productivity, and the evolving regulatory environment in the EU, which could drive or hinder the sector's expansion.
