Forecast: Employment in Mining and Quarrying Sector in Sweden

The employment in the mining and quarrying sector in Sweden stood at 18.08 million hours in 2023. The sector has observed steady year-on-year variation with a 1.35% increase in 2023 as compared to 2022. Historically, the sector experienced fluctuations, with significant growth periods notably from 2017 to 2020. Over the last five years, the sector revealed a Compound Annual Growth Rate (CAGR) of 1.87%.

Future projections indicate a continued increase in employment hours, with forecasted data showing a 5.02% growth rate over the next five years and a forecasted CAGR of 0.99%. This positive trend signifies a stable and modest growth trajectory for the sector.

Future trends to watch for:

• Technological advancements and automation affecting employment hours.
• Regulatory changes impacting operational capacities.
• Global economic conditions influencing commodity prices and sector demand.
• Environmental policies driving sustainable mining practices.