Forecast: Number of Employees in Business Services in Italy

In 2023, the number of employees in business services in Italy stood at 8.12 million persons. The year-on-year growth rates have shown a steady increase, although there has been a slight deceleration in recent years. Specifically, in 2023, the year-on-year increase was 1.32%, compared to 1.37% in 2022 and 1.41% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years up to 2023 was 1.36%, indicating moderate growth. Looking forward, the forecasted CAGR for the five years leading up to 2028 is 0.94%, suggesting a slower, but steady, growth trajectory with a total projected growth rate of 4.8% by 2028.

Key future trends to watch for include:

  • Technological advancements influencing the demand for skilled labor.
  • Shifts in global economic conditions potentially impacting business service sectors.
  • Regulatory changes within the EU and Italy that may affect employment levels.
  • Transition towards remote and hybrid work models, influencing employment dynamics.

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