The employment in Fishing and Aquaculture in Norway is set to increase steadily over the forecasted period from 2024 to 2028. In 2023, the sector employed 10.3 thousand full-time equivalents (FTE). The forecasted values indicate a consistent year-on-year growth, starting from 10.5 thousand FTEs in 2024 and reaching 11.5 thousand FTEs by 2028. This represents a CAGR (Compound Annual Growth Rate) of approximately 2.8% over the five-year period.
Year-on-year variations show:
- 2023-2024: 1.9%
- 2024-2025: 2.86%
- 2025-2026: 1.85%
- 2026-2027: 2.73%
- 2027-2028: 1.77%
Future trends to watch for include the impact of technological advancements on productivity, sustainability practices influencing market dynamics, and regulatory changes that may affect employment patterns in this sector. Additionally, increased global demand for seafood could drive further growth and employment expansion in the fishing and aquaculture industry in Norway.
