Employment in the financial services sector in Spain has seen varied changes over recent years. From 2013 to 2018, the trend was largely downward, with significant reductions in 2013 and 2015. However, starting from 2019, there was a modest recovery, with employment steadily increasing, aside from a slight decline in 2020. By 2023, employment in the sector stood at 623.17 million hours, marking consistent year-on-year improvement since 2021. The compound annual growth rate (CAGR) over the past five years was 1.22%, and it is projected to slow down slightly to 0.32% from 2024 to 2028, with a forecasted growth rate of 1.59% over this period.
Future trends to watch for in the financial services sector include the potential impacts of digitization and automation, regulatory changes, and the overall economic environment in Spain. These factors could influence employment dynamics, potentially leading to shifts in skill requirements and opportunities within the sector.