The employment in the specialized construction activities sector in Denmark showed a steady rise from 85.7 thousand FTE in 2013 to a peak of 110.63 thousand FTE in 2020, reflecting a consistent increase. However, since 2021, there has been a slight decline with employment standing at 107.79 thousand FTE in 2023. The YoY variation for 2023 was -0.36%. Examining trends over five years, the CAGR decelerated to 0.37% by 2023.
Future trends to watch for include a forecasted slight decline in employment, with a forecasted 5-year CAGR of -0.28% by 2028. Key factors influencing these trends may include economic cycles, technological advancements in the construction sector, and shifts in domestic and international demand for specialized construction services.
