The number of employees in the employment services sector in Spain exhibited a steady growth from 2013 to 2023. In 2023, the sector recorded 274.2 thousand units, marking a 2.39% increase from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.13%. Notable growth years include 2015 and 2017 with year-on-year increases of 15.15% and 11.59%, respectively. However, growth rates have moderated in recent years, suggesting a more stable yet less aggressive expansion phase.
Forecasts from 2024 onwards indicate a continued upward trend, with the sector expected to grow to 304.0 thousand units by 2028. The projected CAGR for the next five years is 1.63%, reflecting a gradual yet consistent increase. This points to an overall 8.42% growth over this period.
- Focus on technological advancements in hiring platforms
- Potential impacts of economic fluctuations
- Shifts due to remote work trends and changing job market dynamics