The number of persons employed in business services in the Netherlands has shown a steady increase from 2013 to 2023, standing at 5.21 million units in 2023. Over the years, there have been fluctuations in the year-on-year growth rates, with peaks seen in the mid-2010s. The last recorded CAGR over the five years leading up to 2023 was 0.87%, indicating a moderate but consistent growth trend.
Key observations include:
- From 2013 to 2018, there was a robust year-on-year growth, peaking at 3.01% in 2018.
- Post-2018, the growth rate moderated, but remained positive, with a slight deceleration observed each year.
- The year-on-year growth rate for 2023 was 0.97%, showing signs of stabilization.
Looking forward, the forecast period from 2024 to 2028 suggests an average annual growth (CAGR) of 0.7%, resulting in an overall increase of 3.57% in employment by 2028. This indicates a continued but slower pace of growth relative to recent years.
Future trends to watch for:
- Impact of automation and digital transformation on employment patterns in business services.
- Evolving demand for specialized business services and emerging sectors.
- Economic conditions and policy changes that may influence labor markets.
- Remote work trends and their long-term effects on employment dynamics.
