The employment in the Management Consultancy Activities sector in Belgium stood at 35.98 thousand Full-Time Equivalents (FTEs) in 2023. The sector has shown a steady growth over the past decade with noticeable variations. The year-on-year growth rate was 3.99% in 2023, slightly down from 4.2% in 2022. The Compound Annual Growth Rate (CAGR) over the last five years has been 4.63%. Future projections indicate a positive trend with a forecasted 2.7% CAGR over the next five years, leading to an estimated 41.35 thousand FTEs by 2028.

Future trends to watch for:

The increase in digital transformation projects bumping workload in the management consultancy sector.
A growing need for ESG (Environmental, Social, and Governance) consultancy services.
The impact of AI and automation on both consultancy products and internal operations.
Continued recovery from pandemic effects driving demand for strategic and operational support.