The employment in the construction of roads and railways sector in Spain has seen significant fluctuations over the past decade. After peaking in 2015 with a year-on-year increase of 54.79% to 63.54 thousand full-time equivalents, the sector experienced a substantial decline over the subsequent years. In 2023, employment stood at 43.83 thousand, reflecting a decline of 6.84% from 2022. The compounded annual growth rate (CAGR) over the last five years indicated a negative trend of -4.58%. The forecast indicates a continuous decline, with a forecasted CAGR of -10.36% over the next five years, projecting a drop in employment to 22.9 thousand by 2028.
Future trends to watch for in the construction of roads and railways sector in Spain include:
- Impact of technological advancements and automation on job requirements and employment levels.
- Potential government infrastructure investments and public spending programs.
- Environmental policies and their influence on construction practices and labor demand.
- Economic conditions and their effect on project funding and workforce stability.
