The number of researchers in the business services sector in Chile has experienced a steady increase from 1.81 thousand persons in 2013 to 3.54 thousand persons in 2023. The period from 2014 to 2023 displays consistent year-on-year growth with minor fluctuations. Specifically, the year-on-year variation showed a decrease in growth rate over recent years, moving from 69.14% in 2014 to 2.32% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.55%, illustrating steady, albeit tapering, growth.

Looking forward, the forecast from 2024 to 2028 predicts a continuation of this growth trajectory, reaching 3.92 thousand researchers by 2028. The anticipated CAGR for this period is 1.6%, highlighting a moderated but positive trend. Analysts should note a forecasted 8.28% overall growth rate during these five years.

Future Trends to Watch For:

Potential impacts of economic shifts and policy changes on industry demand for researchers.
Technological advancements influencing the productivity and necessity of researchers.
Global market trends that could impact the hiring and retention of researchers in Chile’s business services.