The employment figures for the construction services sector in Spain show a declining trend from 2024 to 2028. In 2023, the level of employment was 278,000 employees. Starting in 2024, employment is projected at 263.61, followed by decreases in subsequent years: 248.39 in 2025, 233.33 in 2026, 218.41 in 2027, and 203.65 in 2028, all figures expressed in thousands of employees.
Year-on-year percentage changes are as follows:
- 2024: -5.18%
- 2025: -5.78%
- 2026: -6.06%
- 2027: -6.38%
- 2028: -6.75%
The compound annual growth rate (CAGR) over the forecasted period is approximately -6.03% per year.
Future trends to watch for:
- Potential impact of economic cycles and government policies on the construction industry.
- Technological advancements that may affect employment in construction services.
- Changes in demographic trends influencing labor supply and demand.
