Forecast: Employment in Financial Services Sector in Finland

The employment in the Finnish Financial Services sector, as measured in million hours, exhibited fluctuations between 2013 and 2023, declining from 72.7 million hours in 2013 to 66.8 million hours in 2023. Over the past two years (2022 and 2023), employment saw a slight negative variation with year-on-year changes of -1.32% and -0.6% respectively. The CAGR for the last five years (2018-2023) stands at -0.41%, highlighting a gradual decrease in employment over the medium term. Forecasts indicate a continued decline with an expected employment drop to 65.0 million hours by 2028, with a 5-year CAGR of -0.43% and an overall growth rate decrease of -2.11% over the forecasted period.

Future trends to watch for include the impact of digital transformation and automation within the sector, potential policy changes, and shifts towards remote work which might influence overall employment dynamics. Monitoring these factors will be crucial for understanding long-term trends and potential inflection points in employment within Finland's Financial Services sector.