Household expenditure on financial services in France stood at 11.25 billion Euros in 2023, showing a significant decline from 13.3 billion Euros in 2013. Historical data indicates that expenditure peaked at 14.56 billion Euros in 2015 but has generally trended downward since. Significant annual declines were experienced in 2020 and 2021, reflective of the broader economic impacts of the COVID-19 pandemic. A slight recovery in 2022 was followed by another decline in 2023.
Looking at future trends, the forecast indicates a continued downward trajectory, with expenditure expected to reach 9.61 billion Euros by 2028. Notably, from 2024 to 2028, the compound annual growth rate (CAGR) is projected to be -2.42%, translating to an overall decrease of 11.54% over this five-year period. Key factors to watch include economic recovery dynamics post-pandemic, shifts in household financial priorities, and potential regulatory changes in the financial sector.
Future trends to watch for:
- Impact of digital financial services on traditional financial products.
- Socio-economic shifts and their influence on household expenditure patterns.
- Regulatory changes in the financial sector driving market dynamics.
