IMD World Competitiveness Booklet 2021
COMPETITIVENESS TRENDS - OVERALL AUSTRIA
OVERALL PERFORMANCE (64 countries)
BASIC FACTS Capital Land area (square km '000)
Rank
Vienna
2017 2018 2019 2020 2021
84 2020
0.876 2020 8.92 2020 429.0 2020 55,107 2020 -6.6 2020 1.39 2020 5.40 2020 4.54 2020 2.52 2020 205.6 2019 -1.82 2019
16
Exchange Rate (per $)
18
19
19
25
43
Population - market size (millions)
CHALLENGES IN 2021 COVID-19 measures: Stabilisation in retreat, structural reform comes to the fore. • COVID-19 measures: Stabilisation in retreat, structural reform comes to the fore. • Reform of pension and health care systems still pending. • Administrative streamlining to be pursued at provincial (Länder) and local level (Gemeinden). • Competitiveness-compatible greening of the economy to be addressed. • Digital economy to be further developed.
26
Gross Domestic Product (GDP) (US$ billions)
14
GDP (PPP) per capita (US$)
47
Real GDP growth (%)
38
Consumer price inflation (%)
25
Unemployment rate (%)
42
Labor force (millions)
25
Current account balance (% of GDP)
30
Direct investment stocks inward ($bn)
Federation of Austrian Industries, Vienna Provided by: Federation of Austrian Industries, Vienna
59
Direct investment flows inward (% of GDP)
COMPETITIVENESS LANDSCAPE
Economic Performance
Government Efficiency
Business Efficiency
Infrastructure
Domestic Economy
International Trade
International Investment Employment Prices
Public Finance
Tax Policy
Institutional Framework Business Legislation
Societal Framework
Productivity & Efficiency Labor Market Finance
Management Practices
Attitudes and Values
Basic Infrastructure
Technological Infrastructure Scientific Infrastructure
Health and Environment Education
8
10
11
12
12
12
15
20
21
22 19
23 22
26
26
31
31
32
37
54
PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)
POPULATIONS < 20 MILLION (35 countries)
2017 2018 2019 2020 2021
2017 2018 2019 2020 2021
11
12
12
13
13
13
13
13
16
17
54
IMD WORLD COMPETITIVENESS BOOKLET 2021
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