The number of persons employed in the interurban passenger rail transport sector in Belgium has shown a consistent decline from 2014 to 2023, with a decrease from 35.54 thousand in 2014 to 29.14 thousand in 2023. The year-on-year variation has generally fluctuated, with significant decreases seen in certain years (-4.73% in 2016 and -2.71% in 2015), stabilizing to a smaller decline in recent years (-1.13% in 2023). The Compound Annual Growth Rate (CAGR) over the last five years to 2023 was -1.65%. Looking forward to 2028, the forecast indicates a further decline, however, at a slower rate with a projected 5-year CAGR of -0.44% and an overall 5-year growth rate of -2.18%.
Future trends to watch for:
- Technological advancements and automation impacting employment needs.
- Policy changes or investments in sustainable transport infrastructure.
- Shifts in passenger demand influenced by economic and demographic factors.
