The number of employees in the air transport sector in Belgium has shown significant variation over the past decade. In 2023, the employment stood at 8.53 thousand, reflecting a year-on-year growth rate of 9.29%. Over the last two years, the sector saw an increase, with a 7.8% rise in 2022 and a notable jump from 6.97 thousand employees in 2020 to 7.0 thousand in 2021. The Compound Annual Growth Rate (CAGR) has been 8.68% from 2019 to 2023, indicating a strong rebound following the declines seen around 2016 and the pandemic impact in 2020.
Future trends to watch for in the air transport sector include technological advancements, sustainability initiatives, and the potential for increased travel demand post-pandemic. Forecasting a continuous rise, the employee count is expected to reach 11.07 thousand by 2028, driven by a forecasted 5-year CAGR of 4.07% and a total growth of 22.1% over the period.
Key points:
- Steady growth with a year-on-year increase of 9.29% in 2023.
- Recent CAGR (2019-2023) at 8.68%, indicating robust recovery and growth.
- Projected employee figures show optimism with a 5-year forecasted CAGR of 4.07%.
- Expectations for technological advancements and sustainability commitments impacting future trends.