From 2013 to 2019, the production of business services in France exhibited a steady growth, reaching 2.1971 trillion euros in 2019. The only significant dip occurred in 2020, declining to 1.8465 trillion euros due to the COVID-19 pandemic. This was followed by robust recovery in 2021, with a 22.87% increase, signaling resilience in the sector.
In 2023, production stood at 2.3543 trillion euros, reflecting a moderate yet positive year-on-year increase of 1.83%. The last two years have observed an average annual growth rate (CAGR) of 2.37%, showcasing a return to stability.
Forecasts indicate the sector will continue to grow, reaching 2.5754 trillion euros by 2028, albeit at a slower average annual growth rate (CAGR) of 1.41% over the next five years. This suggests a stable but slower pace of expansion compared to historical growth.
- Future trends to watch for include:
- Rising demand for digital transformation services
- Increasing importance of sustainability and environmental compliance
- Potential impacts of geopolitical shifts and economic policies on business services demand
