Forecast: Employment in Retail Sale in Non-Specialized Stores Sector in Belgium

The employment trend in the Retail Sale in Non-Specialized Stores Sector in Belgium has shown a steady increase from 2013 onwards, with a 1.19% growth rate in 2023, reaching 86.9 thousand FTEs. The sector experienced notable growth spikes, such as the 7.39% increase in 2018, but also faced minor declines, as seen in 2019. Over the last five years, the CAGR has been a modest 0.87%, indicating overall incremental growth.

Future trends to watch:

  • Continued steady employment growth, with a 4.35% increase forecasted by 2028.
  • A consistently low but positive CAGR of around 0.85% over the next five years.
  • Potential impacts of digital transformation and automation in the retail sector, which could influence employment dynamics.

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