Forecast: Construction Employment in the Netherlands

The construction employment in the Netherlands has shown fluctuations over the past decade. Notably, it decreased by 6.48% in 2013 and continued to decline until a slight increase in 2015. The trend oscillated with minor changes through the years, peaking again in 2019 with a 2.43% increase. However, post-2020, the annual changes have been marginally negative or flat, and the most recent data for 2023 stood at 406.53 thousand units, a 0.051% decline from the previous year. The CAGR for the last five years is positive at 0.19%.

Looking ahead, the construction employment forecast from 2024 to 2028 indicates a slight downward trend with a forecasted 5-year CAGR of -0.02%, reflecting minimal annual decreases and suggesting little to no growth in the near term.

Future trends to watch for include the impact of technological advancements in construction, potential government infrastructure projects, and economic factors influencing the demand for construction services.