The production volumes of business services in Germany have shown a steady upward trend from 2013 to 2019, with growth rates averaging around 2% annually. There was a significant drop in 2020, attributed to the impact of the COVID-19 pandemic, followed by a substantial rebound in 2021. The upward trend continued through 2023, with the value standing at 2.6853 trillion euros. The annual growth rate of 1.31% from 2022 to 2023 reflects a stable recovery. Forecasts indicate a continued, if slightly decelerated, growth trajectory, with an average CAGR of 1.03% projected until 2028.

Future trends to watch for:

Integration of AI and digital transformation in business services.
Impact of geopolitical changes on international service demand.
Changes in regulatory environments and their effects on service industries.
Adoption of sustainable business practices significantly influencing service innovation.