The Temporary Employment Agency Activities sector in Spain has shown significant growth since 2013, despite occasional fluctuations. From 2013 to 2019, employment figures saw consistent improvement, except for a slight dip in 2014. The sector reached a peak in 2019 with 220.04 thousand full-time equivalents before experiencing a decline in 2020 due to external factors likely related to the COVID-19 pandemic. Recovery began in 2021, with steady growth continuing into 2023, where employment stood at 226.22 thousand.
Year-on-year variation over the last two years showed that 2022 had a 4.68% increase, while 2023 saw a smaller rise of 3.47%. The compound annual growth rate (CAGR) over the last five years leading up to 2023 was 0.58%. Forecasted data from 2024 to 2028 suggest a continued moderate growth with a forecasted 5-year CAGR of 0.99% and an overall growth rate of 5.02% by 2028.
Future trends to watch for include potential fluctuations due to economic conditions, regulatory changes, and the influence of technological advancements on the temporary employment landscape. Close monitoring of macroeconomic indicators and labor market policies will be crucial for accurate forecasting and strategic planning.
