France's Financial Services Gross Value Added (GVA) in 2023 stood at 89.41 billion euros. From 2013 to 2023, the sector showed significant fluctuations, peaking in 2015 at 87.56 billion euros before experiencing a decline until 2017, followed by a recovery with consistent growth from 2018 onwards. Year-on-year variations have been volatile, reflecting macroeconomic factors and sector-specific challenges. Notably, a significant recovery was observed in 2021 with a 6.86% rise, though the growth stabilized around 1.33% in 2023. The compound annual growth rate (CAGR) over the last five years (2018-2023) averaged 0.85%. Forecasts suggest a steady increase, with a CAGR of 0.98% expected from 2024 to 2028, indicating a gradual but steady growth trajectory.
Key future trends to watch for include the impacts of digital transformation within financial services, regulatory changes, and economic recovery post-COVID-19. The sector's ability to adapt to technological advancements and evolving consumer demands will significantly influence future growth.