From 2013 to 2023, the output of activities auxiliary to financial services and insurance activities in France has seen significant growth, standing at 66.85 billion Euros in 2023. The year-on-year growth rates exhibit notable fluctuations, with a high of 14.33% in 2021 and a relatively stable growth rate averaging around 5.16% in 2023. The 5-year CAGR from 2018 to 2023 is 7.12%, indicating strong performance in the sector.
Future trends suggest continued growth with forecasted outputs reaching 82.75 billion Euros by 2028, driven by a 5-year CAGR of 3.38%. Such projections indicate a slower yet steady increase compared to the earlier decade's performance, with an overall forecasted growth rate of 18.06% over the next five years.
Key trends to watch for include:
- Technological advancements influencing auxiliary services.
- Regulatory changes and their impact on financial services.
- Economic shifts affecting insurance activities.
- Increasing demand for digital and innovative financial solutions.
