Forecast: Employment in Building Completion and Finishing Sector in Spain

Employment in the Building Completion and Finishing Sector in Spain demonstrated significant fluctuations from 2013 to 2023, with values expressed in thousands (FTE). The employment figure stood at 68.58 thousand in 2023. The period saw notable growth from 2014 to 2019, peaking in 2019, followed by a decline from 2020 onwards. Recent years showed a steady decrease, with year-on-year variations reflecting a declining trend: -10.11% in 2022 and -11.13% in 2023. The average annual variation over the past five years (CAGR) was also negative, at -5.59%.

Looking forward, the forecast data from 2024 to 2028 indicates a continuing downward trend, with projected employment dipping to 26.9 thousand by 2028. The forecasted average annual decline (CAGR) over the next five years is -14.84%. This represents a significant reduction, totaling a 55.22% decrease over the period.

Future trends to watch for include the potential impact of economic shifts, policy changes, technological advancements, and market demand which could affect employment dynamics in this sector. Monitoring these factors will be crucial for accurate forecasting and strategic planning.