Forecast: Employment in Construction of Roads and Railways Sector in Austria

The employment in the Construction of Roads and Railways sector in Austria, as expressed in thousands (full-time equivalent), has shown a fluctuating trend from 2013 to 2023. In 2023, it stood at 27.18 thousand. Observing the variations: after a peak in 2018, the annual growth rate stabilized with moderate increases. The sector has exhibited consistent growth over the last two years, with an average year-on-year variation of approximately 0.87%. The compound annual growth rate (CAGR) over the previous five years is 2.39%.

Future trends to watch for include:

• Technological advancements in construction techniques improving productivity
• Governmental infrastructure investments and policy changes
• Impact of environmental regulations and sustainability practices