In 2023, the hours worked in Construction Services in Sweden stood at 166.3 million hours. The forecasted values for the subsequent years show a consistent upward trend. From 2024 to 2028, the hours worked are expected to rise from 167.71 million hours to 173.5 million hours. This indicates a steady year-on-year increase ranging from approximately 0.87% to 1.03%. Over the last two years, the variation observed is in a similar range, maintaining positive growth. The compound annual growth rate (CAGR) over the forecasted five-year period is around 0.88%.
Future trends to watch for include technological advancements in construction techniques, potential macroeconomic factors affecting the construction industry, and evolving regulatory standards. These factors could significantly influence the labor market and hours worked in the Construction Services sector.
