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
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