The output of employment services in France has experienced varying growth rates over the past years. From 2013 to 2019, the sector saw a generally positive trend, with notable peaks in 2016 (8.17%) and 2017 (10.84%). The pandemic year 2020 brought a significant contraction of -15.94%. However, recovery was observed in 2021 with a growth of 13.81%, followed by steady growth in 2022 (9.13%) and 2023 (6.96%). The average annual growth rate (CAGR) for the last five years up to 2023 stands at 2.74%. As of 2023, the sector's output reached 49.23 billion Euros. Forecasts suggest a steady growth trajectory with a 5-year CAGR of 2.39%, resulting in an estimated output of 57.28 billion Euros by 2028.
Trends over the last two years:
- 2021: 13.81%
- 2022: 9.13%
- 2023: 6.96%
Future trends to watch for:
Future trends to watch for include the potential impact of ongoing technological advancements and digitization on employment services, changes in labor regulations, and the broader economic conditions in Europe. The evolution of remote work and the gig economy could also play significant roles in shaping the sector's future growth.
