Forecast: Employment in Freight Transport by Road Sector in Sweden

Between 2013 and 2023, the employment in the Freight Transport by Road Sector in Sweden showed a general upward trend. Employment increased from 58.96 thousand FTEs in 2013 to 64.58 thousand FTEs in 2023. This represents an overall growth of approximately 9.5% over the decade. However, the growth was not always consistent, as evident from the variations year on year. For example, there were minor declines in 2014 and 2018 of -0.32% and -2.12%, respectively.

Year-on-year growth in the last two years (2022-2023) was 0.73% and 0.72%, suggesting stable, steady growth. Furthermore, the CAGR over the last five years from 2018 to 2023 indicates an average annual increase of 0.83%.

Looking forward, the forecast data from 2024 to 2028 predict a gradual increase in employment, reaching 66.83 thousand FTEs in 2028. The forecasted five-year CAGR is 0.54%, translating to an overall employment growth rate of 2.74% over these five years.

Future trends to watch for include potential impacts from technological advancements, such as automation and digital logistics management, which may affect employment rates. Additionally, economic fluctuations and policy changes in Sweden and the broader EU framework could influence future employment growth in this sector.