Forecast: Employment in Manufacture of Weapons and Ammunition Sector in Finland

The employment in Finland's Manufacture of Weapons and Ammunition sector has shown a general increasing trend from 494 FTEs in 2015 to 531 FTEs in 2023. The sector experienced minor fluctuations, with noticeable growth spurts in 2016 (1.62%) and 2020 (3.17%). Over the last five years (2018-2023), the Compound Annual Growth Rate (CAGR) stood at 1.5%. Foreseeing into 2024-2028, the forecasted CAGR is expected to decline to 0.48%, resulting in a 2.43% growth rate over the period. Observing the year-on-year changes, there is a clear trend toward stabilization with slight increases each year.

Looking forward, key trends to watch for include advancements in defense technology, changes in international security dynamics, and potential shifts in defense budgets which could impact employment levels in this sector.