In 2023, wages and salaries in the construction services sector in Austria stood at 3.6 billion Euros. Based on the forecast data, there is a year-on-year increase projected through 2028. From 2024 to 2025, the growth is expected to be around 2.7%, continuing a similar upward trajectory to 3.92% from 2026 to 2027. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be 2.2%.
Future trends to watch for include potential impacts from economic policies, inflation rates, and labor market dynamics. Additionally, the demand for sustainable and green construction practices may influence wage trends in this sector.
