Analysis of the employee activity in the telecom sector in Finland indicates a general decline in million hours worked from 2013 to 2023, standing at 20.6 million hours in 2023.
Over the last two years, the sector saw a year-on-year decrease of 0.48% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years was -0.57%, showing a consistent minor decline.
Since 2020, the sector has experienced stability with minimal fluctuations, remaining at 20.7 million hours from 2020-2022 before a slight drop to 20.6 million in 2023. Forecast experts project stable activity, maintaining the 20.6 million hours up to 2028, reflecting a stagnant period.
- Trends:
- Long-term decline from 2013 to 2023
- Stability in recent years with a 0.48% decrease in 2023
- Forecasts indicate no growth from 2024 to 2028
Future trends to watch for include the impact of emerging technologies and market disruptions on employment, evolving skill requirements, and potential sector consolidation.