Forecast: Employment in Building Completion and Finishing Sector in Germany

The employment in Germany's Building Completion and Finishing sector experienced notable fluctuations from 2013 to 2023, marking an overall upward trend. The value stood at 488.59 thousand Full-Time Equivalent (FTE) in 2023. The sector witnessed high year-on-year variations, with peaks such as a 14.8% increase in 2014 and a significant 16.75% rise in 2021. However, there were also declines like the 9.14% drop in 2020. Over the past five years, the sector enjoyed a healthy average growth rate (CAGR) of 5.09%.

Future trends to watch for include:

• Forecasts predict a steady growth with a 2.33% annual average increase over the next five years, reaching 565.78 thousand FTE by 2028.
• Continuous demand for sustainable building practices might drive employment further.
• Technological advancements in construction could increase productivity and also require upskilling of the workforce.