Forecast: Financial Service Activities Output in France

The financial service activities output in France has shown notable fluctuations over the last decade, stabilizing in recent years. In 2023, the output stood at €123.6 billion. From 2013 to 2018, the sector experienced a combination of positive growth and minor declines, reflecting an overall cautious economic environment with a year-on-year variation as high as 5.05% in 2014 and as low as -0.95% in 2018. The period from 2019 to 2023 saw a more stable trajectory, with a modest average growth, culminating at a 2023 CAGR of 1.28%.

Forecasts for 2024 onwards predict a gradual increase in financial service activities output, with output expected to reach €127.66 billion by 2028. This represents a forecasted 5-year CAGR of 0.51%, pointing to a steady yet slow growth rate.

Going forward, key trends to watch for include:

• Technological advancements and digital transformation in financial services.
• Regulatory changes and their impact on market stability.
• Economic conditions and consumer confidence in the post-pandemic era.
• Environmental, social and governance (ESG) criteria influencing investment decisions.