The wages and salaries in the construction of bridges and tunnels in Austria showed significant variability from 2013 to 2023. The value peaked in 2014 at 239.1 million euros but experienced a drastic drop in 2015 followed by a slow recovery. The years 2020 saw a notable increase, only to dip again in the subsequent years, with a slight decrease observed through 2022 and 2023, where it stood at 110.7 million euros.
Year-on-year variations highlight significant fluctuations with increases in the early periods and a downward trend in the recent two years (-2.73% in 2022 and -2.89% in 2023). The compound annual growth rate (CAGR) for the last 5 years up to 2023 remains relatively low at 2.53%.
The forecasted data from 2024 to 2028 indicates a continued decline with a 5-year forward CAGR projected at -2.44%, signifying a gradual reduction in wages and salaries for this sector. By 2028, the projected value stands at 95.0 million euros, reflecting an 11.63% overall decrease from 2023.
Key future trends to watch for include potential impacts of economic factors such as inflation, changes in government infrastructure spending, technological advancements in construction methods, and potential policy changes affecting the construction industry.
