The output of employment services in Belgium demonstrated resilience and growth from 2013 to 2023, despite occasional downturns. Starting at €6.09 billion in 2013, it reached €11.02 billion in 2023, with an overall positive trend. Notably, the market faced a significant dip in 2020 due to external shocks but rebounded strongly in subsequent years. The year-on-year variations illustrate this resilience, with 7.2% growth in 2023. The CAGR over the past five years stands at approximately 2.59%, indicating steady, moderate growth.
Looking ahead, the forecast from 2024 to 2028 anticipates a continued positive trajectory, with a projected 5-year CAGR of 2.94% and an overall growth rate of 15.59%. This points to a robust market expected to reach €13.27 billion by 2028.
Future trends to watch for include the integration of advanced technologies in employment services, changes in labor market regulations, and potential economic disruptions that could influence demand dynamics. Additionally, the impact of remote and hybrid work models on employment service output warrants attention.
