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