The value added of air transport in Austria has shown a steady upward trend since 2013. In 2023, it stood at 921.65 million Euros. Between 2013 and 2017, the sector enjoyed robust growth, peaking in 2017 with a significant increase of 14.03% year-on-year. Although growth slightly fluctuated between 2018 and 2019, it remained positive. From 2020 onward, the sector exhibited modest but consistent increases, with the most recent year-on-year variation being a 1.87% growth in 2023. The compound annual growth rate (CAGR) over the last five years stood at 1.98%, indicating steady, albeit slower, progress.
Looking ahead, the forecast for the next five years predicts continued growth at an average annual rate (CAGR) of 1.31%, culminating in a 6.72% total increase by 2028. Future trends to watch for include technology advancements in air transport, environmental regulations affecting the sector, and market fluctuations driven by global tourism and business travel demands.
