Analysis of forecasted household expenditure on transport in Austria indicates a steady increase from 2024 to 2028. The following data shows the forecasted values in billion Euros:
2024: 25.46
2025: 25.84
2026: 26.21
2027: 26.58
2028: 26.94
This represents a year-on-year increase as follows:
2024 to 2025: 1.49%
2025 to 2026: 1.43%
2026 to 2027: 1.41%
2027 to 2028: 1.35%
Comparatively, looking back at 2023, household expenditure on transport was 25.09 billion Euros. The average compound annual growth rate (CAGR) from 2023 to 2028 stands at 1.43% per year.
Future trends to watch include the potential impact of rising fuel prices, shifts towards electric vehicles, and governmental policies geared towards sustainable transport. These factors could alter the growth trajectory, either accelerating or decelerating future household transport expenditure.
