The Media and Entertainment sector in Belgium has shown fluctuating employment levels over the years. In 2023, the sector stood at 32.05 million hours worked. Between 2013 and 2023, there were periods of minor increases and significant drops, most notably a sharp decline in 2020 due to the pandemic. The year-on-year variation has generally trended downwards, with some recovery seen in 2021 and 2022. The five-year CAGR up to 2023 indicates a slight negative trend at -0.6% annually. The forecasted data from 2024 to 2028 shows stability, with no significant growth or decline expected.
- 2013: -2.29% YoY, -1.79% CAGR
- 2014: -0.26% YoY, -1.71% CAGR
- 2015: +1.28% YoY, -0.95% CAGR
- 2016: -0.32% YoY, -0.63% CAGR
- 2017: -1.82% YoY, -0.69% CAGR
- 2018: -0.10% YoY, -0.25% CAGR
- 2019: -0.61% YoY, -0.32% CAGR
- 2020: -10.05% YoY, -2.66% CAGR
- 2021: +3.53% YoY, -1.92% CAGR
- 2022: +4.83% YoY, -0.62% CAGR
- 2023: +0.0062% YoY, -0.6% CAGR
Future trends to watch for include the impact of digital transformation and technological advancements, which may lead to new job roles and changing skills requirements in the sector. Additionally, the socio-economic factors and potential regulatory changes could influence employment levels in the coming years.
