The forecast for construction employment in Austria from 2024 to 2028 indicates a steady increase. In 2023, the actual employment figure was 358.4 thousand units. Moving into 2024, employment is forecasted to rise to 359.04 thousand units, showing a minimal year-on-year growth of approximately 0.18%. This upward trend continues through 2028, with employment reaching 361.48 thousand units, reflecting consistent annual growth.
Year-on-year variation:
- 2024: +0.18%
- 2025: +0.19%
- 2026: +0.18%
- 2027: +0.16%
- 2028: +0.15%
Average annual growth over five years (CAGR): +0.18%
Future trends to watch for:
- Shifts in economic policies impacting the construction sector
- Technological advancements and their effect on workforce needs
- Demographic changes influencing labor supply
