Labour costs in business services in Poland have seen a consistent upward trend from 2013 to 2023. In 2023, the value stood at 370.67 Billion Zloty. Over the last ten years, there has been a noticeable increase, with year-on-year variations such as 11.89% growth in 2018 and more moderate increases of around 3-5% in recent years. The Compound Annual Growth Rate (CAGR) from 2013 to 2023 showed a general trend of deceleration, with the latest five-year period ending in 2023 exhibiting a CAGR of 2.99%.
Future trends to watch for include:
- Forecasted steady growth with a five-year CAGR of 2.14% from 2024 to 2028.
- A total forecasted five-year growth rate of 11.18% by 2028.
- Potential impact of economic policies, inflation, and global economic conditions.
