The production of employment services in Sweden has shown a steady growth trend over the past decade, increasing from 40.78 billion SEK in 2013 to 84.16 billion SEK in 2023. The year-on-year variation has displayed substantial increases during most years, with notable peaks in 2015 (19.15%) and 2021 (25.35%). However, there was a significant decline in 2020 (-12.82%) due to the impact of the COVID-19 pandemic. Following the recovery, the growth rates have stabilized with moderate increases of 3.81% in 2022 and 3.6% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years stands at 3.38%, indicating a relatively consistent upward trend.
Looking ahead, the forecasted data predict continued growth in the production of employment services, reaching 99.42 billion SEK by 2028. The forecasted five-year CAGR is 2.62%, with an overall growth rate of 13.79% from 2024 to 2028.
Future trends to watch for:
- Impact of digital transformation and automation on employment services.
- Changes in labor market policies and regulations.
- Evolving demands for gig and freelance workforces.
- Economic fluctuations and their influence on employment service needs.
