In 2023, the production value of employment services in Belgium stood at 10.93 billion Euros. Over the past decade, this sector experienced varying growth rates. From 2013 to 2018, there was consistent growth with the CAGR reaching its peak at 9.11% in 2018. Despite a dip in 2020, the sector rebounded significantly in 2021 with a year-on-year growth of 24.35%. The year-on-year growth then moderated to 3.04% in 2022 and 2.9% in 2023, displaying sustained but slowing expansion. The average annual growth over the last five years (CAGR) was 2.42%.

Future trends to watch for include:

From 2024 to 2028, the forecasted 5-year CAGR is 2.16%.
Total forecasted growth for the next five years is 11.27%.
Expect stable yet modest growth, with potential impacts from economic conditions, regulatory changes, and technological advancements in recruitment processes.