Forecast: Central Government Procurement (Excluding Social Security Funds) in France

As of 2023, the central government procurement in France stood at 133.6 billion US Dollars PPP. From 2024 to 2028, a consistent upward trend is forecasted. The increments from each year to the next are modest but steady, with the annual percentage increases averaging around 1.7% year on year. Over the five-year span from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected at approximately 1.7% annually.

Future trends to watch for:

  • Technological advancements may influence procurement processes, potentially increasing efficiency and cost-effectiveness.
  • Growing emphasis on sustainable and green procurement could shape spending priorities and vendor selection.
  • Economic conditions, such as inflation or economic downturns, might alter forecast expectations, impacting procurement budget allocations.
  • Policy changes at the European Union level or national level may influence procurement frameworks and spending.

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