The forecast for tourism employment in retail trade in Australia shows a gradual increase from 2013 to 2023, with the number of employees rising from 95.9 thousand to 109.6 thousand. The data indicates a fairly consistent year-on-year growth, averaging around 0.44% CAGR over the last five years. In 2023, the employment stood at 109.6 thousand persons, reflecting a 0.64% increase from the previous year.
Over the forecasted period from 2024 to 2028, employment is expected to continue its trend upward, albeit at a slightly slower pace with a 0.45% CAGR. The total growth rate over these five years is anticipated to be 2.27%.
Future trends to watch for include potential impacts from economic fluctuations, shifts in consumer behavior towards online shopping, and evolving tourism patterns which could influence retail trade employment in this sector.
