The employment in Finland's weapons and ammunition sector has exhibited modest fluctuations over the past decade. From 2015 to 2023, the number of employees ranged between 519 and 550. The highest recorded value was 550 employees in 2023, showing a slight increase compared to the previous year, with a year-on-year growth rate of 0.36%. The compound annual growth rate (CAGR) for the last five years stood at 1.17%, indicating overall steady growth despite minor year-on-year variations.
Future employment figures are forecasted to gradually rise, reaching 558 employees by 2028. The anticipated CAGR for the upcoming five years is 0.22%, reflecting a stable yet slow growth trajectory. The forecasted five-year growth rate is projected to be 1.09%, suggesting incremental increases in employment.
Trends to watch include potential shifts driven by geopolitical circumstances, technological advancements in defense manufacturing, and possible policy changes within the European Union that might impact the defense industry workforce.
