The Mining and Quarrying sector in Spain observed actual employment figures standing at 18.2 thousand units in 2023. According to the forecast, employment is expected to progressively decrease over the next five years, with values of 17.9 thousand in 2024, 17.6 thousand in 2025, 17.3 thousand in 2026, 17.1 thousand in 2027, and 17.0 thousand in 2028. Year-on-year variations indicate a consistent decline of roughly 1.7% to 1.8% annually. The Compound Annual Growth Rate (CAGR) over this forecast period shows an average year-on-year reduction of approximately 1.4%.
Future trends to watch for in this sector include potential technological advancements that could further impact employment levels, environmental regulations potentially leading to reduced mining activities, and shifts in global demand for materials that may influence sector stability and employment dynamics.
