The output of Activities Auxiliary to Financial Services and Insurance Activities in France experienced steady growth from 2013 to 2023. In 2023, the value stood at 1.4 units, reflecting a year-on-year variation of 7.69%. Over the last five years, the compound annual growth rate (CAGR) averaged at 4.94%. Notably, the output increased rapidly from 2017 to 2020, followed by a consistent rise up to 2023.
Forecasts from 2024 to 2028 suggest a slower growth pattern, with the last five-year CAGR predicted to be 1.39% and an overall growth rate of 7.14% by 2028. The upcoming years are expected to maintain a gradual but steady upward trend, indicating sustained development in the sector.
Future trends to watch for include:
- Technological advancements and digital transformation in financial services and insurance activities.
- Increased regulatory measures and compliance requirements impacting auxiliary services.
- Potential economic fluctuations affecting the overall financial landscape in France.
- Innovations in FinTech and InsurTech driving new auxiliary service offerings.
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