From 2013 to 2023, Austrian aircraft and spacecraft wages and salaries have shown a significant upward trend, increasing from 52.3 million euros to 100.1 million euros. The growth has been marked by notable year-on-year variations, including an 18.96% spike in 2019 and a slight dip of -1.23% in 2020, reflecting potential economic influences. The CAGR over the last five years ended in 2023 was 5.97%, showcasing a steady increase in sector wages. By 2024, wages and salaries are forecasted to continue rising, reaching 119.2 million euros by 2028, with a forecasted CAGR of 2.77%.
Future trends to watch for include the impact of new aerospace projects, technological advancements, and market expansions that could drive further wage increases. Monitoring economic factors and industry demand will be crucial for accurately forecasting wage trends beyond 2028.
