In 2023, the number of persons employed in ships and boats building in Austria stood at 350.0 persons. The historical data from 2013 to 2023 shows a progressive increase in employment with some fluctuations. For example, between 2013 and 2017, there was a steady rise from 190.0 to 270.0 persons, indicating robust growth. Between 2018 and 2023, employment increased from 320.0 to 350.0, with the year-on-year variations averaging between 2% to 3% in the last three years, reflecting a slower but steady growth phase.
Important trends over the past two years:
- 2022 to 2023: 2.62% growth rate
- 2021 to 2022: 2.69% growth rate
The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) has been 1.79%, indicating steady long-term growth. The forecasted data from 2024 to 2028 suggests a continued upward trend, with the workforce expected to reach 390.0 persons by 2028, representing a forecasted CAGR of 1.71% over five years.
Future trends to watch for:
- Technological advancements in shipbuilding that may affect labor requirements
- Potential impacts of environmental regulations on industry employment
- Global and regional economic factors influencing demand for ships and boats
