The employment in the mining and quarrying sector in Austria has exhibited steady growth since 2013, increasing from 5.63 thousand FTE to 6.62 thousand FTE in 2023. Notable increases occurred in 2018 and 2019, with growth rates of 8.18% and 2.91%, respectively. The year-on-year growth for 2023 stood at 0.96%, and the sector averaged a compound annual growth rate (CAGR) of 1.02% over the last five years. Future projections estimate the employment to reach 6.93 thousand FTE by 2028, with an anticipated five-year CAGR of 0.71% and total growth of 3.62%.
Future trends to watch for include:
- Technological advancements affecting labor demand.
- Environmental regulations impacting the sector.
- Global commodity prices influencing operational employment needs.
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