The employment in the Mining and Quarrying Sector in Belgium has undergone fluctuations over the past decade, reaching 1.78 thousand Full-Time Equivalent (FTE) in 2023. The year-on-year variations reveal significant changes, such as a notable drop of 15.26% in 2018, followed by an 18.4% increase in 2019. Over the last two years, the sector saw declines of 2.66% and 2.68%. The five-year Compound Annual Growth Rate (CAGR) also reflects these fluctuations, resulting in a -0.17% change, indicating general stagnation.
The forecast for the next five years shows a declining trend with an expected CAGR of -2.3%, predicting a further shrinkage to 1.54 thousand FTE by 2028. This reflects a decrease of 10.99% in employment for the sector over the forecasted period.
Future trends to watch for include technological advancements and automation in mining operations, potential regulatory changes, and shifts in global demand for mineral resources. These factors could significantly impact employment dynamics in the sector.
