The number of employees in the Mining and Quarrying sector in Chile, expressed in million hours, is forecasted to decline from 448.18 in 2024 to 423.91 in 2028. This consistent year-on-year decrease indicates a negative trend, with percentage variations showing a steady drop: -1.39% from 2024 to 2025, -1.39% from 2025 to 2026, -1.38% from 2026 to 2027, and -1.37% from 2027 to 2028.
The compound annual growth rate (CAGR) calculated over the five-year period from 2024 to 2028 indicates an average annual decline of -1.38%. This steady downward trend suggests a shrinking workforce in the sector.
Future trends to watch for:
- Technological advancements potentially reducing the need for manual labor.
- Shifts in global commodity demand affecting employment levels.
- Policy and regulatory changes in Chile's mining sector.
- Efforts toward sustainability and their impact on workforce requirements.
