Employment in Denmark's Building Completion and Finishing sector experienced significant growth from 2013 to 2020, peaking in 2020 at 41.05 thousand full-time equivalents. Post-2020, a noticeable decline has been observed, with 2023 standing at 39.22 thousand. The year-on-year variation for 2023 is -0.89%, continuing the downward trend. Over the last two years, from 2021 to 2023, the sector decreased by -1.82% cumulatively. Over the last five years, the compound annual growth rate (CAGR) has been a modest 0.23%.
Based on forecast data, the sector is expected to decline steadily, with the employment projected to reach 37.51 thousand by 2028 and a forecasted CAGR of -0.71% over the next five years.
Future trends to watch out for:
- Impact of economic cycles and construction industry health on this sector.
- Potential shifts towards automation and technological advancements affecting the workforce demand.
- Government policies and initiatives that could influence employment trends in the building completion sector.