The number of persons employed in radio broadcasting in Belgium has seen a significant fluctuation over the past decade. From 2013 to 2023, there was an overall decline with occasional years of growth such as in 2014, 2017, and 2019. Especially noteworthy is the steep drop in employment from 2020 to 2023, descending to 249 employees in 2023. Over the last two years, the industry experienced a year-on-year decrease of 4.41% in 2022 and 4.23% in 2023. The compound annual growth rate (CAGR) from 2019 to 2023 reflected an average annual decline of 6.04%.
Future projections from 2024 to 2028 suggest a continued downward trend, with an expected CAGR of -2.36%, signaling a moderate but consistent decrease. Future employment figures are expected to drop to 213 employees by 2028, translating to a five-year growth rate decline of 11.25%.
Looking ahead, key trends to monitor include the impact of digital transformation on traditional radio, potential consolidation in the industry due to reduced staffing needs, and how emerging technologies and alternative media channels may affect the labor market in radio broadcasting.
