Between 2013 and 2023, the output of employment services in Sweden demonstrated a strong upward trend, rising from 41.14 billion SEK to an actual value of 84 billion SEK in 2023. Significant year-on-year variation included a major spike in 2015 with an 18.01% increase and a sharp decline in 2020 by 10.95%, followed by a recovery phase. The growth rate over the past five years averages out to a CAGR of 3.34%, reflecting steady if somewhat moderate annual progress.
Moving forward, the sector is forecasted to continue its growth, with projected values reaching 104.01 billion SEK by 2028. The predicted five-year CAGR stands at 3.38%, which indicates a stable growth trajectory. This translates to an overall growth rate of 18.08% from 2024 to 2028.
Future trends to watch:
- Structural changes in the labor market driven by technological advancements.
- Potential impacts of economic fluctuations and policy changes on employment services.
- The increasing role of digital platforms and automation in employment services.
