The number of employees in business services in Chile exhibited a steady growth from 2013 to 2023, increasing from 2.12 million in 2013 to 2.24 million in 2023. The year-on-year variation over this period has been relatively stable, with the most significant growth observed in 2015 (1.71%) and 2018 (2.06%). In recent years, the growth has decelerated, with a modest CAGR of 0.23% from 2018 to 2023. In 2023, the number of employees stood at 2.24 million.
Looking ahead, the forecast suggests continued but modest growth, with the number of employees expected to reach 2.27 million by 2028. The projected five-year CAGR from 2024 to 2028 stands at 0.22%, indicating a slow but steady increase in employment in this sector.
Future trends to watch for:
- Impact of technological advancements and automation on employment levels.
- The role of government policies in promoting business service sectors.
- Changes in global economic conditions affecting demand for business services.