Employment in the scientific research and development sector in Austria has shown variability over the past decade, standing at 7.3 thousand full-time equivalents in 2023. Key trends between 2013 and 2023 demonstrate an initial high followed by a decline, stabilization, and modest recovery. The sector experienced a significant drop in 2018 and a subsequent recovery phase that has moderated in recent years. Year-on-year variation over the past two years indicates incremental growth of 0.41% in 2023. The five-year compound annual growth rate (CAGR) shows an average annual increase of 2.08% from 2018 to 2023.
Looking ahead, the forecast suggests a steady, albeit slow, growth rate with a 1.58% increase projected by 2028 and an average annual growth (forecasted five-year CAGR) of 0.31%. Stakeholders should keep an eye on potential technological advancements, government policies for R&D funding, and global economic conditions, which could significantly impact employment trends in this sector.
