From 2013 to 2023, the number of persons employed in business services in France increased steadily from 12.01 million to 13.56 million, indicating a positive trajectory over the decade. The year-on-year variations generally trended upwards, with notable accelerations between 2016 and 2018 where the growth was above 2%. The period since 2019 saw a more moderated yet consistent growth with rates hovering around 0.89% in 2023.
Looking behind, the CAGR over the last five years preceding 2023 stood at 0.94%. Moving forward, from 2024 to 2028, the forecasted CAGR is anticipated to slightly decrease to 0.64%, projecting a total growth of 3.26% over these five years. While growth is expected to continue, it's projected to be more tempered compared to historical trends.
Future trends to watch for in the business services employment sector include:
- Potential economic fluctuations impacting growth rates.
- Technological advancements and digitization influencing workforce requirements.
- Regulatory changes and their implications on employment.
- Emergence of new business service sectors driving job creation.
