In the scientific research and development sector in Austria, employment has exhibited consistent growth over the past decade, climbing from 14.93 thousand jobs in 2013 to 21.42 thousand jobs in 2023. The sector saw significant year-on-year variations, with notable high points: 8.44% in 2021 and 9.68% in 2022. The compound annual growth rate (CAGR) for the past five years has been robust at 5.76%, reflecting strong expansion in the sector.
Forecasts suggest continued growth though at a slightly decelerated pace, with an anticipated 1.95% CAGR from 2024 to 2028, culminating in 24.21 thousand jobs by 2028. The forecast five-year growth rate stands at 10.15%.
Future trends to watch for:
• Technological advancements driving further demand for R&D employment.
• Potential policy changes impacting funding and investment in scientific research.
• Shifts in global scientific collaboration post-COVID-19 era affecting local job markets.
