The employment in Finland's Manufacture of Electronic Components and Boards sector has shown fluctuating trends over the years. From 2014 to 2023, the workforce increased from 1.64 to 1.77 thousand (FTE), peaking at 1.88 thousand in 2018, then showing a gradual decline to 1.77 thousand in 2023.
Recent year-on-year variations illustrate mixed trends with significant shifts, such as a rise of 5.08% in 2016, a decline of 2.47% in 2021, and a continuous decrease at the rate of 1.23% in 2023.
The compound annual growth rate (CAGR) over the past five years leading up to 2023 stands at -1.14%, indicating a moderate decline in employment. Moving ahead, from 2024 to 2028, the forecasted CAGR is -0.95%, suggesting a continued slow reduction in workforce, resulting in a total employment decrease of 4.68% over the period.
Future trends to watch for include technological advancements driving efficiency and possibly reducing workforce needs, shifts in global supply chains, and changes in domestic and international market demand for electronic components and boards.
