Forecast: International Tourism Expenditures in France

International tourism expenditures in France have seen fluctuations from 2013 to 2023, reflecting global and local economic factors. The expenditures grew steadily from 2014 to 2019, with a notable dip in 2015. The pandemic in 2020 caused a sharp 40.15% decline in expenditures. However, recovery was swift, with significant increases in 2021 and 2022, culminating in a noteworthy 9.54% rise in 2023 where expenditures stood at 6.59 units in value or volume. Analyzing the last five years shows an average annual growth rate (CAGR) of 1.09% indicating a moderate upward trend.

Future trends to watch for include:

• Gradual increase in expenditures with a forecasted CAGR of 0.28% from 2024 to 2028.
• Continued recovery and stabilization post-pandemic might influence steady growth rates.
• External economic factors such as inflation, exchange rates, and geopolitical stability impacting tourism expenditures.