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.