Construction employment in South Africa stood at 1.4 million persons in 2023. The sector has experienced various fluctuations over the past years, with significant declines observed in 2019 and 2020. However, there has been a gradual recovery with a year-on-year growth rate of 5.82% in 2022 and 4.12% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years averaged -0.95%.
Looking ahead, the forecast indicates steady growth in construction employment, with an expected increase to 1.48 million by 2028, driven by a modest 5-year CAGR of 0.81%. However, watch for potential challenges such as economic volatility and infrastructure investment fluctuations that could impact this growth trajectory.
