The International Franchise Association released it’s annual outlook report for franchise economic growth in January of 2018, and all signs point to upward trends for the franchising industry as a whole.  Key details from the report are as follows:

  • Franchise employment is forecast to grow 3.7% in 2018 after growing 3.1% in 2017, and franchise
    employment will continue to outpace economy-wide employment growth. Total private nonfarm
    employment is forecast to increase 1.8% this year after growing 1.7% in 2017.
  • The output of franchise businesses in nominal dollars is projected to increase 6.2% in 2018 to
    $757 billion and grew 5.6% in 2017.
  • The gross domestic product (GDP) of the franchise sector will increase by 6.1% to $451 billion in
    2018. This will exceed the growth of US GDP in nominal dollars, which is projected at 4.7%. The
    franchise sector will contribute approximately 3% of US GDP in nominal dollars

 

 

 

 

 

Click here to read the full report published by the International Franchise Association.