Forecast: Hours Worked in Construction Services in the Netherlands

The forecast for hours worked in construction services in the Netherlands shows a gradual decline from 170.89 million hours in 2024 to 166.12 million hours by 2028. Comparing this to the 2023 base year, where the actual value stood at 171.0 million hours, the year-on-year variations indicate a consistent decrease: -0.72% from 2023 to 2024, -0.71% from 2024 to 2025, -0.70% from 2025 to 2026, -0.71% from 2026 to 2027, and -0.71% from 2027 to 2028. The compound annual growth rate (CAGR) over this period reflects an average decline of approximately 0.71% per year.

Future trends to watch for include technological advancements in construction automation and sustainability efforts potentially impacting labor demand. Legislative changes, economic shifts, and industry innovations are other critical factors that might influence these projections. Keeping an eye on these variables will be crucial for stakeholders in the construction sector.