Forecast: Production in Temporary Employment Agency Activities Sector in Norway

The temporary employment agency activities sector in Norway is poised for consistent growth over the next few years. In 2023, the sector stood at 43.17 Billion Norwegian Krones. Based on forecasted data, it is expected to reach 44.06 billion in 2024, representing a year-on-year increase of approximately 2.06%. The upward trend continues with year-on-year increases of 2.13%, 2.09%, and 1.96% in 2025, 2026, and 2027 respectively, finally hitting 47.78 billion in 2028. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) averages around 2.06%.

Future trends to watch for include:

  • Technological advancements and automation potentially reducing the demand for temporary labor in certain sectors.
  • Changing regulatory frameworks that could impact the ease and cost of hiring temporary employees.
  • Fluctuations in economic conditions influencing overall employment rates and subsequently temporary employment.
  • Shifts in sectoral needs that may result in higher demand for temporary staffing in specific industries.

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