The value added of employment services in Germany reached €34.02 billion in 2023, displaying a steady upward trend since 2013. Growth between 2013 and 2023 has been marked by fluctuations, with notable percentages year-on-year, such as a high of 12.19% in 2013 and a low of -8.25% in 2016. The average annual growth rate (CAGR) from 2019 to 2023 stands at 2.52%. The forecast for 2028 anticipates an increase to €37.61 billion, corresponding to a CAGR of 1.58% over the next five years.
Future trends to watch:
- Impact of technological advancements and digitization on employment services.
- Potential influence of labor market policy changes in Germany and the EU.
- Economic recovery post-pandemic and its effects on the employment sector.
- Shifts in workforce demands due to demographic changes and skill shortages.
