The employment in the Sound Recording and Music Publishing Activities sector in Germany has shown fluctuations over the years, moving from 4.29 thousand full-time equivalents (FTEs) in 2013 to 6.8 thousand FTEs in 2023. The industry experienced significant peaks in 2014 and 2018 with year-on-year increases of 22.05% and 25.16%, respectively. However, slight declines were noted in 2015, 2019, and 2020. The two most recent years saw moderate growth, with employment rising by 3.49% in 2022 and by 3.35% in 2023. Over the past five years, the compound annual growth rate (CAGR) has averaged at 1.23%.
Future trends to watch for in this sector include the increasing integration of digital technologies and streaming services, which is expected to continue driving employment growth. By 2028, the forecasted employment is projected to reach 7.86 thousand FTEs, reflecting a five-year CAGR of 2.31% and a cumulative growth rate of 12.09% from 2024 to 2028.
