Forecast: Employment in Healthcare and Social Work Activities Sector in Finland

The employment in the Healthcare and Social Work Activities sector in Finland has steadily increased over the past decade, rising from 587.5 million hours in 2013 to 692.0 million hours in 2023. This represents a consistent upward trend, with notable year-on-year variations like 3.54% in 2019 and a more modest 0.38% in 2020. The Compound Annual Growth Rate (CAGR) for the sector over the last five years has averaged 1.88%, indicating a healthy growth trajectory.

Looking ahead, the forecasted CAGR from 2024 to 2028 is projected to be 1.12%, resulting in a 5.72% growth rate over that period. This suggests a continued albeit slower growth pace as the sector adjusts to evolving demands and potential structural changes.

  • Constant growth influenced by societal aging and increased healthcare needs.
  • The emergence of new technologies and telehealth solutions could drive efficiencies but also necessitate reskilling.
  • Economic conditions and policy shifts will significantly impact labor requirements and resource allocation.

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