The value added of employment services in Austria has seen a steady increase from 2013 to 2023, rising from 3.11 billion euros to 4.97 billion euros. Notably, the annual growth rate has fluctuated, with significant increases such as a 14.39% rise in 2017 and more moderate growth in recent years, showing a 3% increase in 2023. On a 5-year basis, the CAGR has averaged at 3.02% by 2023.
Looking ahead, the forecast indicates a continuation of this growth trend, with the value expected to reach 5.65 billion euros by 2028. The forecasted 5-year CAGR is estimated at 2.03%, with an overall growth rate of 10.56% over this period.
Future trends to watch for may include:
- Impact of digital transformation on employment services
- Policy changes affecting labor market dynamics
- Economic conditions influencing demand for employment services
- Technological advancements and their adoption in employment services
