Forecast: Employment in Specialized Construction Activities Sector in Austria

Employment in Austria's Specialized Construction Activities sector experienced fluctuations over the last decade, with values expressed in thousands of full-time equivalents reaching 172.84 in 2023. The sector witnessed a steady growth from 152.09 in 2013, with notable year-on-year variations such as declines in 2013 and 2015 and significant increases in 2017 and 2018. The compound annual growth rate (CAGR) over the last five years was 0.88%.

The future outlook, based on forecasted data, suggests a moderate increase in employment, reaching 179.47 by 2028 with an expected 5-year CAGR of 0.6% and a forecasted 5-year growth rate of 3.03%.

Future trends to watch for include technological advancements, regulatory changes, and economic conditions impacting construction demand. Monitoring these factors will be crucial for anticipating further employment trends in the sector.

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