The employment in sports activities, amusement and recreation activities in Austria has shown a steady upward trend from 2013 to 2023, starting from 15.43 thousand units and reaching 18.71 thousand units. The year-on-year growth has been mostly positive, with the highest being 5.85% in 2016 and a dip of -2.23% in 2017. The CAGR over the last five years (2018-2023) stands at 1.89%, indicating moderate but consistent growth.
Looking forward, the trend is expected to continue its positive trajectory, with projected employment reaching 20.23 thousand units by 2028. The forecasted five-year CAGR is 1.23% with an overall growth rate of 6.32% from 2024 to 2028.
Future trends to watch for:
- Impact of digital transformation and technology in enhancing sports and recreational activities, potentially leading to new job opportunities.
- Increasing participation in fitness and wellness activities driven by growing health consciousness among the population.
- Potential fluctuations in employment due to economic cycles and policy changes affecting the leisure industry.