The employment in the manufacturing of weapons and ammunition sector in Austria has demonstrated a consistent upward trend over the past decade. As of 2023, employment stood at 1.97 thousand full-time equivalents, reflecting a notable 4.02% increase from the previous year. The sector experienced substantial growth between 2013 and 2017, with the most significant year-on-year increases observed in 2016 (13.9%) and 2017 (10.94%). Since 2018, growth has been more stable, with year-on-year variations generally below 5% except in 2020 (10.68%). The compound annual growth rate (CAGR) over the past five years has averaged 4.31%.
Future trends to watch for include:
- An estimated CAGR of 2.69% from 2024 to 2028, reflecting a potential deceleration in employment growth.
- A forecasted growth rate of 14.21% over the next five years, indicating steady albeit slower expansion compared to previous periods.
Factors such as geopolitical stability, defense policy changes, and technological advancements in weaponry production may significantly influence future employment trends in this sector.
