In 2023, wages and salaries in the human health services sector in Austria stood at 10.84 billion Euros. From 2013 to 2023, there was a steady increase in value driven by an average year-on-year growth rate ranging between 1.89% to 6.64%. Notably, the Compound Annual Growth Rate (CAGR) for the past 5 years settled at 2.17%. Over the last two years, the sector recorded a consistent year-on-year increase of around 2%, reflective of a modest growth trajectory.

Future trends to watch for:

The forecasted 5-year CAGR for 2024-2028 is slightly lower at 1.46%, indicating a potential slowdown in growth compared to previous periods.
Monitoring policy changes and technological advancements that could impact labor dynamics in the healthcare sector.
Economic conditions and funding allocations could critically influence wage growth in the coming years.