The analysis of the Railways Passenger Transport Employment in Spain shows varying trends from 2013 to 2023. Employment decreased from 26.69 thousand in 2013 to 23.31 thousand in 2023, with notable fluctuations over the years. After a significant drop in 2015, the sector saw recovery in 2016 and 2017 but faced declines again in 2018 and 2019. The COVID-19 pandemic marked a sharp decline in 2020, followed by a rebound in 2021. However, the sector faced a downward trend in 2022, stabilizing slightly in 2023 with a small increase of 0.66% year-on-year. The compound annual growth rate (CAGR) over the last five years (2019-2023) stood at -2.75%.
Looking forward, the forecast indicates a continuous decline in employment from 2024 to 2028, with an expected reduction to 21.18 thousand employees in 2028. The forecasted five-year CAGR is -1.52%, implying an average annual decrease of around 1.52% across this period.
Future trends to watch for include the potential impact of technological advancements such as automation and digitalization, which may further reduce employment needs. Additionally, shifts in transportation preferences and government policies towards sustainable transport solutions could influence employment dynamics. Monitoring economic conditions and policy changes will be crucial for accurately predicting further trends in railway passenger transport employment.