The number of employees in the Financial Service Activities sector in the Netherlands has seen considerable fluctuations over the past decade. In 2013, there were 121,000 employees, decreasing to 98,000 by 2017, marking a cumulative contraction driven by average declines of up to 4.44% year-on-year. However, since 2019, the trend showed signs of reversal with slight growth observed, reaching 103,000 employees in 2023, reflecting an average annual growth rate of 1.63% over the last five years.
The projections from 2024 onwards predict a continued growth trajectory, albeit at a slower pace with a forecasted CAGR of 0.38% leading to 107,000 employees by 2028. This projected growth highlights a modest recovery phase for the sector.
Future trends to watch for include the impact of digital transformation on service efficiency, evolving regulatory environments, and the potential influence of global economic conditions on employment within the sector.
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