Forecast: Mining and Quarrying Number of Persons Employed in Germany

In 2023, the mining and quarrying sector in Germany had [insert 2023 value here] thousand employees. A downward trend is forecasted in employment from 2024 to 2028, with figures declining from 26.34 thousand in 2024 to 15.24 thousand by 2028. This represents significant year-on-year decreases: 10.71% from 2024 to 2025, 11.86% from 2025 to 2026, 13.32% from 2026 to 2027, and 15.19% from 2027 to 2028. The compound annual growth rate (CAGR) indicates an average annual decrease of 12.45% over these five years.

Future trends to watch for include:

  • Technological advancements and automation potentially reducing the need for labor.
  • Policy changes influenced by environmental and sustainable development priorities.
  • Fluctuations in demand for minerals and other resources influencing employment levels.

Top Countries about Mining And Quarrying