The retail output (excluding motor vehicles and motorcycles) in Austria exhibited a consistent growth from 2013 to 2022, peaking at 28.19 billion Euros in 2022. The year 2023 saw a slight decline to 27.39 billion Euros, marking a year-on-year decrease of 2.85%. Over the last two years (2021-2023) the output varied, with an increase in 2022 by 11.18% and a subsequent decrease in 2023. The average compound annual growth rate (CAGR) over the past five years (2018-2023) stood at 1.98%, indicating overall moderate growth with notable fluctuations.
Future trends to watch for:
- Projected steady growth with a forecasted CAGR of 1.48% up to 2028.
- Expected increase in retail output to 30.06 billion Euros by 2028.
- Potential impacts of economic conditions and consumer behavior patterns on retail growth.