Forecast: Employment in Sea and Coastal Passenger Water Transport Sector in Norway

In 2023, employment in Norway's Sea and Coastal Passenger Water Transport sector stood at 8.63 thousand Full-Time Equivalents. The forecasted data for 2024 shows a slight decline to 8.62 thousand. This downward trend is expected to continue through 2028, reaching 8.58 thousand. The annual year-on-year percentage variation is minimal, around -0.12% to -0.14%, indicating a very slow contraction. Over the last two years, the employment rate has effectively decreased by about -0.1%. The Compound Annual Growth Rate (CAGR) over the last five years demonstrates a consistent yet slight decline averaging roughly -0.12% per year.

Future trends to watch for include:

  • Impact of advances in maritime technology on job functions and required skills.
  • Potential policy changes related to environmental regulations and their effects on job types and numbers.
  • Fluctuations in tourism and how economic factors might increase or further decrease employment.

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