From 2013 to 2023, the number of employees in the Financial Service Activities Sector in Spain has consistently decreased. In 2023, it stood at 203.2 thousand units. The sector experienced annual declines, reflected in year-on-year variations, except for 2016 and 2020, which saw slight increases or stability. The compound annual growth rate (CAGR) over the last five years up to 2023 was -1.04%, indicating an average annual decline.
Looking ahead from 2024 to 2028, the trend of declining employee numbers is forecasted to continue but at a slower pace, with an anticipated 5-year CAGR of -0.22%. As a result, by 2028, the number of employees is expected to be around 200.0 thousand units.
- CAGR from 2024 to 2028: -0.22%
- Forecasted number of employees in 2028: 200.0 thousand units
Future trends to watch for include the impact of digital transformation, automation, and potential consolidation within the financial services sector. These factors could moderate the decline or shift the employment landscape towards new skill sets and roles.
