The central government procurement in France, excluding social security funds, is projected to grow steadily from 2024 to 2028. In 2023, the expenditure stood at approximately 124.5 billion USD PPP. The forecasts for 2024 to 2028 show a consistent year-on-year increase; 1.6% in 2025, 1.5% in 2026, 1.5% in 2027, and 1.4% in 2028. This indicates a cautious yet stable upward trajectory with a Compound Annual Growth Rate (CAGR) of approximately 1.5% over the 5-year forecast period.
Future trends to watch for include:
- The impact of inflationary pressures on procurement costs.
- Government initiatives to streamline procurement processes and reduce waste.
- Technological advancements, such as digital procurement platforms, influencing efficiency.