In 2023, the number of self-employed persons in the business services sector in Spain stood at 1.75 million units. From 2013 to 2022, the series showed slight fluctuations, with some years experiencing marginal growth and others small declines. Over the last two years, the year-on-year variation has hovered around 0.11%, indicating relatively stable conditions. The Compound Annual Growth Rate (CAGR) over the past five years has been approximately 0.21%, marking a gradual increase.
Examining forecasted data from 2024 onwards, it is evident that the growth is predicted to remain modest, seeing only an incremental rise to 1.76 million by 2028. The five-year forecasted CAGR is estimated at 0.07%, reflecting a slow but steady growth trend.
Future trends to watch for:
- The impact of technological advancements on the self-employment rate in business services.
- Evolving economic policies that may influence the ease of starting and running a small business in Spain.
- Potential growth spurts in specific sub-sectors within business services that could affect overall self-employment rates.
