Forecast: Employment in Construction of Roads and Railways Sector in Finland

The employment in the Construction of Roads and Railways sector in Finland has shown a decline over the years from 2013, with some periods of minor recovery. From 2013 to 2023, the sector has seen fluctuations, with significant reductions in 2018 and a temporary rise in 2020. Overall, the sector employment stood at 5.73 thousand full-time equivalents (FTE) in 2023, reflecting a -3.42% year-on-year change. The five-year CAGR from 2019 to 2023 was nearly flat at -0.42%, indicating minimal yearly change.

Looking ahead, the forecast predicts a continued decrease, with employment projected to fall to 4.75 thousand FTE by 2028. This represents a forecasted 5-year CAGR of -2.99% and an overall reduction of -14.08% over five years. Key future trends to monitor include:

  • Technology advancements and automation that may reduce workforce demands.
  • Investment shifts towards sustainable infrastructure impacting labor requirements.
  • Government policies and spending on infrastructure projects.

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