Forecast: Wages and Salaries in Non-Metallic Mineral Products in Sweden

The wages and salaries in the non-metallic mineral products sector in Sweden have shown diverse trends over the years. From 2013 to 2023, there have been slight fluctuations with some years showing an increase and others a decrease. The highest increases were seen in 2017 and 2021 with 7.98% and 5.86%, respectively. By 2023, the wages stood at 8.91 Billion Swedish Kronas, representing a 2.21% increase from the previous year. The compound annual growth rate (CAGR) over the last five years, ending in 2023, was 1.66% indicating a moderate growth trend.

Looking ahead, the forecast through 2028 predicts a steady incremental rise in wages and salaries, with the 5-year CAGR projected at 1.58%. This period anticipates an overall growth rate of 8.17%. Future trends to watch include potential impacts from economic shifts, industry regulations, and technological advancements that could influence wage structures and employment rates within this sector.