The number of persons employed in business services in Spain has shown a consistent upward trend from 2013 to 2023. In 2023, the employment stood at 9.9 million units, signaling a steady growth from 8.32 million units in 2013. Over the last two years, the year-on-year growth rate was approximately 1%. The compound annual growth rate (CAGR) over the past 5 years (2018-2023) was around 0.96%.

Looking into the forecasted data, the trend is expected to continue with the employment reaching 10.36 million units by 2028. The forecasted 5-year CAGR from 2023 to 2028 is 0.72%, with an overall forecasted growth rate of 3.65% over this period.

Future trends to watch for include:

Technological advancement and automation which may influence job roles in the business services sector.
Evolving market demands and new skills requirements which could impact employment rates.
Global economic conditions and their potential effect on Spain’s business services employment.