The number of persons employed in management consultancy services in Belgium saw significant fluctuations from 2013 to 2023. Starting from 77.65 thousand employees in 2013, the industry experienced a steady growth overall, reaching 118.82 thousand employees by 2023. Notably, major year-on-year increases include a 10.88% rise in 2013 and 10.27% rise in 2019. However, there were slight dips in employment in years like 2014 and 2018. The CAGR over the past five years (2018-2023) stood at 5.86%, indicating a robust growth trend despite minor variations.

Looking towards the future, the forecasted data suggests continued growth, with the number of employees projected to rise to 143.1 thousand by 2028. The forecasted 5-year CAGR is 2.94%, resulting in a forecasted growth rate of 15.62% from 2024 to 2028.

Future trends to watch for:

Impact of digital transformation on employment needs within consultancy firms.
Demand dynamics driven by economic conditions and regulatory changes.
Incorporation of AI and automation in consultancy services, potentially affecting headcount dynamics.