Based on the provided data, the number of employees in the chemical and pharmaceutical products sector in Austria is forecasted to grow consistently from 36.12 thousand persons in 2024 to 37.37 thousand persons by 2028. The year-on-year variation shows steady growth: approximately 0.89% from 2024 to 2025, 0.88% from 2025 to 2026, 0.82% from 2026 to 2027, and 0.84% from 2027 to 2028. With a Compound Annual Growth Rate (CAGR) of roughly 0.86% from 2024 to 2028, this reflects a stable upward trend.
In 2023, the number of employees stood at 35.80 thousand units, indicating a positive trend into 2024 and beyond.
Future trends to watch for include:
- The impact of technological advancements and automation in the chemical and pharmaceutical sectors, potentially influencing employment numbers.
- Regulatory changes and their effect on industry growth and employment.
- Global market dynamics, including supply chain disruptions and the influence of international trade policies.