In 2023, the Gross Value Added (GVA) per employee full-time equivalent (FTE) in the UK's mining and quarrying sector stood at 326.86 thousand euros. The forecasted data from 2024 to 2028 indicates a consistent decline, with values dropping from 316.73 thousand euros in 2024 to 275.51 thousand euros in 2028. Year-on-year reductions approximate 3.35% from 2024 through 2027, suggesting a shrinking productivity per employee. The compound annual growth rate (CAGR) over this period projects an annual decline of around 3.33%.
Future trends to watch for include:
- Technological advancements potentially offsetting productivity declines.
- Sustainability regulations impacting operational costs and efficiencies.
- Global demand fluctuations affecting market prices and sector investments.
