The employment in the Management Consultancy Activities sector in Cyprus has shown consistent growth over the past decade. As of 2023, the employment stood at 8.72 thousand full-time equivalents, up from 3.32 thousand in 2013. The sector has experienced significant year-on-year variations, notably peaking at an 18.11% increase in 2018. The last two years have maintained strong growth with an 8.79% increase in 2022 and 7.99% in 2023. Over the last five years, the sector has averaged a CAGR of 9.29%.
Future trends to watch for include:
- An anticipated moderation in growth with a forecasted 5-year CAGR of 4.84%.
- The total employment in the sector is expected to reach 11.84 thousand by 2028.
- Technological advancements and consultancy diversification may drive future employment trends.
