The media and entertainment sector in Finland has demonstrated fluctuating employment, as indicated by the variation in million hours worked over the years. In 2023, the sector stood at 41.7 million hours. Examining year-on-year trends, we see significant declines between 2016 and 2020, followed by modest recoveries beginning in 2021. Specifically, the year-on-year variations for the last two years were a 1.72% increase in 2022 and a 0.72% increase in 2023. Over the last five years, the compound annual growth rate (CAGR) was -0.14%, reflecting a slightly negative trend.
Looking ahead, the forecast from 2024 to 2028 displays modest growth, with a forecasted 5-year CAGR of 0.24% and a total growth rate of 1.19% by 2028.
Future trends to watch for in Finland's media and entertainment sector include the potential impact of digital transformation, changes in consumer behavior post-pandemic, and advancements in technology like AI and virtual reality, which may drive new avenues for employment and industry growth.
