Employment in the Electricity, Gas, Steam, and Air Conditioning Supply sector in Austria has exhibited fluctuations from 2013 to 2023. Employment values decreased from 24.98 thousand units in 2013 to 23.18 thousand units in 2023. Notably, there was a sharp dip in 2020 due to a significant year-on-year reduction of 17.42%. Recovery took place in 2021 and 2022 with increases of 13.88% and 4.74%, respectively. However, 2023 saw a slight decline of 0.49%. The five-year compound annual growth rate (CAGR) from 2018 to 2023 was -0.56%.
For the forecast period from 2024 to 2028, employment is expected to continue its declining trend, with a forecasted five-year CAGR of -0.4%, indicating an average annual decrease. The overall growth rate from 2023 to 2028 is predicted to be around -1.98%.
Future trends to watch for include the impact of technological advancements, regulatory changes, and any shifts in energy policy which could influence employment rates in this sector. Initiatives focusing on renewable energy and sustainability might also play a significant role in shaping employment trends.
