The number of employees in Belgium's passenger air transport sector has shown significant fluctuations over the past decade. In 2023, the sector stood at 6.43 thousand employees, reflecting an 8.34% increase from the previous year. The period from 2014 to 2018 saw steady growth, followed by a stark rise in 2019 with a 49.84% year-on-year increase. However, the sector experienced declines in 2020 and 2021, likely influenced by the COVID-19 pandemic. Recent years show a recovery trend with positive year-on-year growth rates in 2022 and 2023.
Key trends over the last five years indicate an average annual growth rate (CAGR) of 8.13%. Looking ahead, the forecast up to 2028 predicts a continued growth trajectory, with an expected 7.82 thousand employees by 2028. The forecasted five-year CAGR is 3.07%, implying steadier growth. Despite some volatility, the sector appears to be stabilizing while maintaining overall growth momentum.
Future trends to watch for include the influence of technological advancements on employment, the impact of environmental regulations on the industry, and the potential effects of geopolitical developments. Additionally, the sector’s response to changing travel behaviors and demand post-pandemic will be crucial in shaping future employment trends.
