Analysis of the employment services output in Belgium indicates a growth trajectory with minor fluctuations over the years. In 2023, the value stood at 10.28 billion Euros. From 2013 to 2019, the sector showed consistent growth with a significant drop in 2020 due to external impacts, likely the pandemic. The sector strongly rebounded in 2021 but saw minor variances in 2022 and positive growth in 2023. The average annual growth in the last five years up to 2023 was approximately 1.18%.
Future trends suggest a steady upward trajectory with a forecasted average growth of 2.3% annually from 2024 to 2028, culminating in a total growth rate of 12.06% over this period. Factors to watch include technological advancements, policy changes, and potential market disruptions impacting employment services.
