The Agricultural Products and Livestock Sector in Austria displayed varied growth from 2013 to 2023, peaking at 26.3 thousand jobs in 2023. Year-over-year growth was inconsistent, with notable increases from 2014 to 2018, a slight dip in 2019 and 2020, followed by a resurgence in 2021, and a marginal decline in 2022. The period marked an overall decrease in the Compound Annual Growth Rate (CAGR) from 3.56% in 2013 to 1.08% by 2023.
Future trends to watch for include:
- Stable but moderate job growth expected, with a forecasted CAGR of 0.6% through 2028.
- Adoption of advanced agricultural technologies and sustainable practices.
- Potential impacts from global economic conditions and policy changes on local employment levels.