The employment in the Manufacture of Electrical Equipment sector in the Netherlands stood at 21.05 thousand full-time equivalents (FTE) in 2023. Since 2013, the sector has experienced cyclical growth with fluctuations in year-on-year variations. After an initial decline from 2013 to 2014, the sector showed a general upward trend with notable growth from 2016 to 2020. Year-on-year variations for the last two years were modest, with a slight increase of 0.54% in 2022 and 0.53% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged 1.31%.
Looking ahead, employment is forecasted to continue growing, albeit at a slower pace of approximately 0.40% CAGR over the next five years, reaching 21.58 thousand FTE by 2028. The forecasted five-year growth rate is 1.99%, indicating a stable but modest increase in sector employment. Key trends to watch for in the future include advancements in technology, automation, and international trade policies, which could significantly influence employment dynamics in this sector.
