The wages and salaries in the industrial gases sector in Austria have shown varied trends over the past decade. The figure stood at 51.8 million Euros in 2023. From a low of -7.41% in 2013, year-on-year variations have generally displayed modest growth, peaking at 4.67% in 2014 and maintaining small increases or decreases in subsequent years. Particularly, the years 2016, 2018, and 2021 saw notable positive increases of 2.75%, 4.24%, and 3.02%, respectively. The 5-year CAGR from 2018 to 2023 was minimal at just 0.077%. Future forecasts suggest a continued but gradual growth in wages and salaries, with an expected CAGR of 0.31% from 2024 to 2028.
- Value in 2023: 51.8 million Euros
- Year-on-Year Variation: ranges from -7.41% to 4.67% over the past decade
- Recent 5-Year CAGR (2018-2023): 0.077%
- Forecasted 5-Year CAGR (2024-2028): 0.31%
- Forecasted 5-Year Growth Rate: 1.54%
Future trends to watch for include potential impacts from inflationary pressures, technological advancements, and shifts in global supply chains which could affect wage growth. Monitoring geopolitical developments and regulatory changes will also be key in assessing future salary trends in this sector.
