Forecast: Construction Employment in Chile

The construction employment sector in Chile for 2023 stood at 795.6 thousand persons. The forecasted data for the subsequent years show a positive trend. In 2024, employment numbers are expected to rise to 808.29 thousand persons, representing a year-on-year increase of 1.59%. This growth continues in the following years, with 2025 showing a 1.62% increase to 821.35 thousand persons, 2026 a 1.57% rise to 834.21 thousand persons, 2027 a 1.52% increase to 846.87 thousand persons, and 2028 a 1.47% increase to 859.33 thousand persons.

The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 1.55%. This indicates a steady, albeit moderate, growth rate in construction employment, reflecting a stable sector with ongoing development opportunities.

Future trends to watch for in this sector include potential impacts from government infrastructure projects, foreign direct investment in the construction industry, technological advancements in construction methods, and economic stability which can influence employment rates further. Monitoring these factors will be key to understanding long-term employment trends in Chile's construction sector.