The Gross Value Added (GVA) of agricultural products and livestock in Austria rose from €2.8 billion in 2013 to €4.66 billion by 2023, reflecting a fluctuating but overall upward trend. Notable increases include a significant 16.58% growth in 2021 and a 23% increase in 2022. The compound annual growth rate (CAGR) for the last five years is 8.1%. The projected data indicate continuous growth, reaching €5.36 billion by 2028 with a forecasted 5-year CAGR of 2.22%.

Key Triggers:

A robust increase observed from 2021 to 2023 suggesting improvements in agricultural productivity and livestock management.
Sustained growth reflecting in forecast data suggests further advancements and investments in agricultural technology and sustainable practices.

Future trends to watch:

Innovation in agri-tech and its impact on productivity.
Potential environmental regulations and their influence on agricultural practices.
Market demand changes and their effects on prices and production volumes.