The employment in the retail sale in non-specialized stores sector in Spain stood at 451.77 thousand full-time equivalents (FTE) in 2023. This sector has witnessed variations throughout the years, with the lowest value at 372.05 thousand FTE in 2014 and a consistent upward trajectory since 2016. Over the last two years, the year-on-year growth rates were 0.79% in 2022 and 0.77% in 2023. The cumulative annual growth rate (CAGR) over the past five years from 2019 to 2023 stands at 0.5%, indicating a modest but steady increase.
Looking forward, forecasts from 2024 to 2028 suggest continued growth in this sector with a predicted CAGR of 0.56%, resulting in a projected employment figure of 467.99 thousand FTE by 2028. Key trends and factors to watch include:
- The impact of digital transformation and e-commerce growth on retail employment structures.
- Automation and technological advancements potentially altering job roles within the sector.
- Economic conditions and consumer spending trends influencing retail sector performance.
- Workforce skill requirements and training developments to keep pace with sector changes.