The value added of business services in Italy has shown a consistent upward trend over the past decade, rising from 761.78 billion Euros in 2013 to 909.72 billion Euros in 2023. Year-on-year growth rates have generally fluctuated between around 1.3% and 2.4% with a slight deceleration observed in recent years. The compound annual growth rate (CAGR) for the last five years has averaged around 1.42%, indicating a moderate but steady increase.
From 2024 onwards, forecasts suggest continued growth, projecting the value to reach 964.78 billion Euros by 2028. The expected CAGR over the next five years is 0.93%, reflecting a somewhat slower growth trajectory compared to the previous period but still positive.
Future trends to watch for include:
- The impact of digital transformation and automation on business services.
- Changing regulatory landscapes and their influence on service delivery.
- Increased demand for sustainable business practices and its integration into service provision.