The output of Legal, Accounting, Head Offices, and Management Consultancy Activities in Belgium has shown substantial growth from 2013 to 2024, rising from €45.95 billion to €73.75 billion. The year-on-year growth rates have fluctuated, with significant increases in 2015 and 2016, marked by 10.06% and 8.52% respectively. Despite a slight dip in 2020, the industry rebounded strongly in 2021 with a 7.7% increase. The compound annual growth rate (CAGR) over the last five years (up to 2023) averages 3.42%, indicating a steady upward trend.
Looking ahead, the forecasted CAGR from 2024 to 2028 is 2.37%, with an overall growth rate of 12.43%. This suggests continued, albeit slower, growth in the sector. Close attention should be paid to economic conditions, technological advancements, and regulatory changes, which are likely to impact further development.
