IMD World Competitiveness Booklet 2022

Austria Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Vienna

84 2021

0.845 2021

16

Exchange Rate (per $)

18

19

19

20

8.96 2021 41 477.1 2021 29 59,629 2021 14 4.5 2021 41 2.75 2021 28 6.20 2021 34 4.59 2021 40 -0.52 2021 35 194.1 2020 31 -4.20 2020 60

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Intra-ecological conflicts impede energy transformation. • Excessive inflation to be addressed on the European level. • Reform of pension system and health care system still pending. • Administrative reform to be pursued at both provincial (Länder) and local level (Gemeinden). • Digital economy to be further developed.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Federation of Austrian Industries, Vienna

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

12

13 14

13 8 18

22 22

24

30 31 25

25 20

26

32

36

40

58

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

11

13

13

13

13

12

12

14

13

13

54 Competitiveness Country Profiles