The employment in the service activities incidental to the air transportation sector in Belgium displayed a fluctuating trend from 2013 to 2023. Starting at 4.43 thousand FTE in 2013, the sector initially saw a decline in employment until 2014, followed by an upward trend towards 2019. A significant drop occurred in 2020, attributed to the COVID-19 pandemic, before the sector rebounded in subsequent years, peaking at 5.39 thousand FTE in 2023.
Year-on-year variations exhibited high volatility, particularly notable with a dramatic 19.85% decline in 2020 and a robust recovery of 14.05% in 2021. The Compound Annual Growth Rate (CAGR) over the last five years, leading to 2023, stood at 2.93%, reflecting a moderate overall growth despite short-term fluctuations.
Future trends to watch for:
- Forecasts predict consistent growth, with employment projected to reach 6.33 thousand FTE by 2028.
- The sector is expected to grow at a forecasted 5-year CAGR of 2.54%, translating to a 13.37% total growth over the period.
- Factors such as technological advancements, sustainability initiatives, and economic conditions will be crucial determinants of sector growth.
