The output of the retail sector (excluding motor vehicles and motorcycles) in Austria stood at 26.82 billion Euros in 2023. From 2013 to 2023, the sector displayed a fluctuating growth pattern with significant peaks and troughs. Years 2018 to 2020 were particularly volatile due to external factors affecting demand, while post-2020, a more stable and gradual increase in retail output was observed.
The year-on-year variation highlights noteworthy shifts, such as a sharp rise in 2018 (6.31%) and a notable dip in 2020 (-3.08%), reflective of broader economic disruptions. The CAGR over the last five years (2019-2023) was a modest 1.56%, indicating moderate annual growth. Future forecasts suggest a consistent yet modest increase, with a five-year CAGR predicted at 1.29% leading to an overall growth rate of 6.6% by 2028.
Future trends to watch for include the increasing influence of e-commerce, shifts in consumer behavior towards sustainability, and the impact of economic policies on retail spending. These factors will likely shape the sector’s growth and market dynamics moving forward.