Employment in the Specialized Construction Activities sector in Finland has shown a fluctuating yet gradually increasing trend from 2013 to 2023. In 2023, the employment stood at 85.83 thousand full-time equivalents (FTEs), marking a 1.26% year-on-year growth and reflecting a Compound Annual Growth Rate (CAGR) of 0.73% over the past five years. Despite some years of decline, such as 2015 and 2019, the overall trajectory has been positive, highlighted by notable growth in years like 2016 (7.27%) and 2017 (4.9%).
Looking ahead, the forecasted data from 2024 to 2028 suggests continued growth, albeit at a moderate pace. The sector is expected to reach 91.0 thousand FTEs by 2028, with a forecast 5-year CAGR of 0.93%, leading to an overall growth rate of 4.74% across the period.
Future Trends to Watch For:
- Integration of advanced technologies and digitalization to improve efficiency and reduce labor dependency.
- Increased focus on sustainable construction practices which might alter workforce requirements.
- Potential impact of economic fluctuations and government policies on employment rates.
- Shifts in demographic trends influencing labor market conditions in the construction sector.
