Between 2013 and 2023, employment in the healthcare and social work activities sector in Denmark showed a fluctuating trend. Initial years saw a decline in employment hours, with values dropping from 689.89 million hours in 2013 to a low of 669.38 million hours in 2016. From 2017 onwards, there was a gradual recovery, culminating in 685.19 million hours in 2023.
Year-on-year variations highlight a mixed observational trend. For instance, the sector experienced a consistent decrement of over 1% annually between 2014 and 2016, before stabilizing and showing positive growth from 2017 onwards. Notable trends include:
- From 2013-2016: Annual declines in employment hours.
- From 2017-2023: Gradual positive growth, with slight variations year-on-year but an overall upward trend nearing pre-2013 levels.
The compound annual growth rate (CAGR) over the last five years (2018-2023) was approximately 0.19%, indicating a slow but steady recovery in the sector's employment levels.
Looking ahead, the projected five-year CAGR from 2024-2028 is estimated at 0.10%, suggesting continued but moderate growth. Factors to monitor include policy changes, technological advancements in healthcare, and demographic shifts such as aging populations, which may significantly influence employment trends in this sector.
