In Austria, wages and salaries in employment services grew from 2.24 billion euros in 2013 to 3.7 billion euros in 2023, marking a steady increase over the past decade. The year-on-year variations have generally been positive, with a notable spike in 2017 by 13.83%, reflecting strong sector growth. Over the last two years, the increase slowed down with a year-on-year variation of 3.31% in 2022 and 3.14% in 2023. The CAGR over the past five years (2018-2023) stands at 3.03%, indicating a consistent uptrend but at a moderate pace.
Future trends to watch for:
- Ongoing growth expected, with wages and salaries projected to reach 4.23 billion euros by 2028.
- Forecasted five-year CAGR (2024-2028) at 2.11%, suggesting a stable but slower growth rate compared to previous years.
- Potential shifts influenced by economic policies, labor market dynamics, and technological advancements in employment services.
