Based on the provided forecast data, there is a consistent decline in self-employed hours from 22.0 thousand in 2024 to 14.0 thousand in 2028.
Year-on-Year Variations (YoY%)
- 2025: -9.1%
- 2026: -10.0%
- 2027: -11.1%
- 2028: -12.5%
Last Two Years Variations (2026-28)
- 2026-27: -2.0 thousand hours (-11.1%)
- 2027-28: -2.0 thousand hours (-12.5%)
Compound Annual Growth Rate (CAGR, 2024-2028)
-10.7%
Future Trends
The consistent decline in self-employed hours suggests increasing challenges within the sector, possibly due to automation, market consolidation, and global competition. Future trends to monitor include technological advancements, shifts in consumer demand, and regulatory changes impacting the industry.
