The employment in Germany's Inland Waterway Transport sector saw fluctuations from 2013 through 2023, starting at 6.25 thousand full-time equivalents (FTE) in 2013 and rising to 8.08 thousand FTE by 2023. The employment rate experienced notable peaks and troughs during this period, with a significant increase in 2014 (16.72% YoY) and a prominent dip in 2020 (-6.82% YoY). Over the last two years, the sector showed stability with 1.32% YoY growth in 2022 and 1.29% in 2023. The Compound Annual Growth Rate (CAGR) highlights a moderate consistent growth averaging 1.77% over the last five years.
Forecasting into the future, the expected CAGR from 2024 to 2028 stands at 0.95%, indicating a more tempered growth phase. By 2028, employment is projected to reach 8.57 thousand FTE, with an overall growth rate of 4.86% across these five years.
Trends to watch for in the future include the impacts of technological advancements and automation on employment, changing regulations affecting the sector, and evolving trade patterns in Europe. These factors could significantly influence labor demands and market dynamics within the Inland Waterway Transport sector in Germany.
