Forecast: Employment in Temporary Employment Agency Activities Sector in Germany

The Temporary Employment Agency Activities sector in Germany saw fluctuations from 2013 to 2023, peaking at 785.43 thousand full-time equivalents in 2017. A notable decline followed until 2020, dropping to 542.74 thousand. A recovery began in 2021, with an impressive year-on-year growth leading up to 769.72 thousand in 2023. The sector is forecasted to grow steadily, reaching 945.1 thousand by 2028. Several highlights include a strong recovery post-2020's dip and a compound annual growth rate (CAGR) of 3.25% projected over the forthcoming five years.

Future trends to watch for:

  • Increased digitalization and automation impacting temporary employment demand.
  • Regulatory changes affecting labor laws and agencies' operational dynamics.
  • Potential economic fluctuations influencing employment needs in various industries.

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