Financial intermediation, real estate and business activities contributed 23.6% to the gross value added (GVA) in 2022, followed by mining, manufacturing and utilities activities (21.4%), and wholesale, retail and hotel activities (17.2%). In nominal terms, the three sectors are expected to grow by 8.3%, 8.4% and 8.1%, respectively, in 2023.
Upper Austria, Lower Austria, and Vienna contributed 58.4% to the country's GDP in 2021 and were home to 57.2% of Austria's population in 2022, according to Eurostat
The ATX index exhibited an upward trend from July 18, 2022, to July 18, 2023. Overall, the index recorded at 3,150.5 on August 29, 2023, compared to 2,915.7 on August 29, 2022.
Upper Austria, Lower Austria, and Vienna contributed 58.4% to the country's GDP in 2021 and were home to 57.2% of Austria's population in 2022, according to Eurostat
The ATX index exhibited an upward trend from July 18, 2022, to July 18, 2023. Overall, the index recorded at 3,150.5 on August 29, 2023, compared to 2,915.7 on August 29, 2022.
Scope
- On November 3, 2021, the council of ministers in Austria approved an EUR18.2 billion ($19.2 billion) framework plan for expansion and maintenance of the country's rail network. This plan covers the period from 2022 to 2027.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country's snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies' presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Austria’s performance in country risk analysis in comparison to West Europe and the world average
Exhibit 2: Performance overview (score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: Austria Stock Market (ATX)
Exhibit 5: Key sectors’ contribution to the economy
Exhibit 6: FDI inflows, FDI outflows, FDI inward stock and FDI outward stock (2018-22)
Exhibit 7: Greenfield FDI projects and net cross border M&A deals in Austria (2018-22)
Exhibit 8: Key infrastructure indicators (2020)
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Nuclear reactors, boilers, machinery and mechanical appliances, % of world total (2022)
Exhibit 15: Interest rates (August 2018 - August 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: General government deficit (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2021)
Exhibit 27: High-technology exports, % of manufactured exports (2021 or latest)
Exhibit 28: Rule of law (rankings) 2022
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- KTM
- Austrian Airlines
- OMV
