According to a note from the National Institute of Statistics (INS) on the quarterly accounts for 2025, the tertiary sector recorded a slight decline of 0.4% during the quarter.
This development, essentially cyclical, contrasts with a still robust annual performance, driven by several key service sectors.
In its publication, the National Institute of Statistics indicates that “the tertiary sector recorded a 0.4% decrease in activities compared to the previous quarter”. This development is mainly explained by the contraction of non-market services of public administrations (-5%) and, to a lesser extent, by the decline in accommodation and catering (-0.1%). These two components weighed on the overall performance of the quarter.
Conversely, several segments maintained a positive trajectory. Trade and repair grew by 1.7%, transport by 1.1%, and financial services showed an increase of 2.6%. Information and communication services also continued their expansion with a growth of 1.8%. This heterogeneity of performance confirms the structural resilience of the sector, despite some punctual adjustments.
Over one year, the picture appears significantly more favorable. Still according to the INS, the tertiary sector shows a growth of 4.5% compared to the same period in 2024, supported by all its components. Financial services stand out with an increase of 10.4%, followed by information and telecommunication services (+7.6%) and transport (+5.1%). Trade and repair (+3.6%) as well as non-market services (+3.3%) also contribute to this dynamic.
In terms of contribution to overall economic growth, the tertiary sector remains a central pillar with 2.2 points over the quarter. Transport contributes 0.6 points, trade and repair 0.4 points, while non-market services of public administrations contribute 0.3 points. Finally, the sector’s deflator stands at 2.3%, reflecting a generally controlled price evolution in services during the 2025 period.
