Forecast: Passenger Transport Employment in Spain

In 2023, the passenger transport employment in Spain stood at 271.83 thousand employees, showing a slight decline of 0.15% compared to the previous year. Over the most recent two-year period, the employment figures demonstrated varying trends with a decline of 0.15% in 2023, following a growth of 2.59% in 2022.

The 5-year CAGR from 2018 to 2023 registered a decline of 0.68%, indicating a gradual downward trend in employment. Notably, this period was marked by significant volatility, particularly during the 2020s when employment dropped sharply due to the impact of the COVID-19 pandemic, only to somewhat recover in the following years.

Looking ahead, the forecast indicates a slight decline in passenger transport employment, with a 5-year CAGR of -0.12% from 2023 to 2028. The growth rate over this forecast period is expected to decline by approximately 0.59% by 2028.

Future trends to watch for include potential impacts of technological advancement, such as automation and increased use of artificial intelligence, on employment in this sector. Additionally, macroeconomic factors and policy shifts towards greener transport solutions may further influence employment patterns in the coming years.

Top Countries about Urban Transportation