In 2023, the Financial Services and Insurance sector in France stood at a value of 3.25. Forecasts indicate a gradual decline, showing a consistent decrease in year-on-year value from 2024 to 2028. The values are projected to drop from 3.19 in 2024 to 2.96 in 2028. This translates to an average annual decline (CAGR) of -1.9% over the five-year period from 2024 to 2028.
When analyzing yearly variations:
- From 2023 to 2024, the sector decreased by -1.8%.
- From 2024 to 2025, the sector decreased by -1.9%.
- From 2025 to 2026, the sector decreased by -1.9%.
- From 2026 to 2027, the sector decreased by -1.6%.
- From 2027 to 2028, the sector decreased by -2.0%.
Future Trends to Watch For:
Factors such as digital transformation, evolving customer expectations, and regulatory changes are crucial to monitor. The rise of fintech players can disrupt traditional financial services, and heightened focus on sustainability might also impact the sector's trajectory in subsequent years. Investing in technology and adapting to new regulatory landscapes will be critical for mitigating the forecasted decline.