The number of persons employed in the radio broadcasting sector in Spain is projected to decline steadily from 2024 to 2028. In 2024, the forecasted number of employees is 5.19 thousand, decreasing to 4.94 thousand in 2025, 4.69 thousand in 2026, 4.45 thousand in 2027, and 4.21 thousand in 2028. As of 2023, the actual number of employees stood at 5.46 thousand.
Year-on-year variations during this period suggest a negative trend. From 2023 to 2024, the sector is expected to experience a decline of approximately 5%, followed by similar downward trends: 2024 to 2025 sees a reduction of approximately 4.8%, 2025 to 2026 by 5.1%, 2026 to 2027 by 5.1%, and finally 2027 to 2028 by 5.4%. The five-year Compound Annual Growth Rate (CAGR) indicates an average annual decrease of about 5.2%.
Future trends to watch for include the ongoing impact of digital transformation on traditional radio broadcasting and potential shifts in consumer preferences towards digital and on-demand audio content. Additionally, regulatory changes and economic factors could further influence employment in this sector.
