The forecast for sub-central government procurement in France, excluding social security funds, shows a steady upward trend from 2024 to 2028. Starting from an estimated 159.82 billion USD PPP in 2024, the procurement value is expected to reach 171.16 billion USD PPP by 2028. This reflects a compound annual growth rate (CAGR) that suggests consistent and moderate increases in governmental spending over this period. The year-on-year growth fluctuates slightly but aligns with the overall positive trajectory. In 2023, the actual procurement value was less than that forecasted for 2024, underscoring expected procurement expansion.
Future trends to watch for include the impact of policy changes on procurement volumes, potential economic fluctuations globally or within the EU, and innovation in procurement processes which could affect efficiency and spending. Monitoring these elements can provide insights into future procurement dynamics in France.
