Forecast: Employment in Mining and Quarrying Sector in Spain

The employment in the mining and quarrying sector in Spain has shown a significant decline over the past decade. Starting from 55.92 million hours in 2013, the employment hours fluctuated slightly in the initial years but then dropped sharply by 40.76% in 2016. By 2023, the employment in this sector stood at 27.6 million hours, reflecting a compounded annual growth rate (CAGR) of -4.06% over the last five years and a year-on-year decline of 3.98%. Predictions for the future indicate a steady decrease, with a forecasted 2028 employment figure at 24.22 million hours. The forecasted 5-year CAGR is -1.9%, translating to a total decline of 9.14% by 2028.

Future trends to watch for include:

  • Adoption of advanced technologies and automation, which may further reduce the need for manual labor in the sector.
  • Environmental regulations and policy changes that could impact operational scopes and subsequently employment figures.
  • Market demand fluctuations and global economic conditions influencing mining and quarrying activities in Spain.

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