Forecast: Employment in Mining and Quarrying Sector in Denmark

From 2013 to 2023, the employment in the Mining and Quarrying sector in Denmark, measured in million hours, experienced fluctuations. The value dropped from 7.49 million hours in 2013 to a low in 2015 and then gradually increased, with minor variations, hitting 7.76 million hours in 2023. Notably, significant year-on-year dips were observed until 2015, after which the sector showed a regaining trend with steadier growth. Highlights include a year-on-year increase of 6.71% in 2018 followed by slight variations and an overall increase since 2020. As of 2023, the sector stands at 7.76 million hours.

Future trends to watch for:

• Employment levels are forecasted to slowly increase, reaching 7.86 million hours by 2028.
• The projected compound annual growth rate (CAGR) for the next five years is 0.2%, indicating modest growth.
• Stakeholders should monitor technological advancements and regulatory changes, which could impact employment levels in the sector.