Employment in the Management Consultancy Activities sector in Portugal has shown a dynamic trend over the past decade. From 2013 to 2023, there was a significant increase in employment, reaching 54.17 thousand full-time equivalents in 2023. This represents a year-on-year growth of 2.73% from 2022. The average annual growth rate (CAGR) over the last five years is 3.08%, indicating a positive but moderating growth trend. The sector experienced considerable fluctuations, with notable increases in some years and minor declines in others, reflected in the year-on-year variations. Forecasts for 2024 and beyond indicate continued growth, with a forecasted five-year CAGR of 1.93%, leading to an overall growth rate of 10.01% by 2028.
Future trends to watch for:
- The impact of digital transformation and automation on consultancy roles and employment numbers.
- Potential shifts in demand due to changing market dynamics or economic conditions.
- Expansion of consulting services into emerging sectors such as sustainability and digital strategy.
