The output of environmental services in the administrative and support services sector in Spain has displayed varied trends over the last decade. Starting from 403.13 million euros in 2014, the sector saw a significant increase in 2015 with a 61.75% year-on-year growth. Over the following years, the output fluctuated, peaking at 607.75 million euros in 2019 before experiencing minor declines and recoveries, stabilizing around the 600 million euros mark from 2020 to 2023. As of 2023, the value stood at 608.38 million euros with a modest year-on-year growth of 0.82% and a 5-year CAGR of 1.79%.
Future trends to watch for:
• Continued stability with minor year-on-year growth expected, reflecting a 5-year CAGR of 0.3% from 2024 to 2028.
• Ongoing policy and regulatory shifts toward sustainability, which may impact expenditure and growth rates.
• Potential technological advancements in environmental services, offering new opportunities but also requiring adaptation.
• Economic factors on a broader scale, including inflation rates and public sector budgets, which could affect funding and investment in this sector.
