IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL AUSTRIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Vienna

2016 2017 2018 2019 2020

84 2019

0.893 2019 8.88 2019 446.1 2019 53,719 2019 1.6 2019 1.49 2019 4.50 2019 4.56 2019 2.62 2019 209.1 2018 2.94 2019

16

Exchange Rate (per $)

18

19

24

25

43

Population - market size (millions)

CHALLENGES IN 2020 Covid-19 measures: Ensure consistency as well as balance between stabilization and competitiveness. • Covid-19 measures: Ensure consistency as well as balance between stabilization and competitiveness. • Reform of Pension System and Health Care System still pending. • Administrative reform to be pursued at both provincial (Länder) and local level (Gemeinden). • Growth- and location compatible greening of the Economy to be addressed. • Digital economy to be further developed.

27

Gross Domestic Product (GDP) (US$ billions)

16

GDP (PPP) per capita (US$)

40

Real GDP growth (%)

25

Consumer price inflation (%)

28

Unemployment rate (%)

42

Labor force (millions)

26

Current account balance (% of GDP)

29

Direct investment stocks inward ($bn)

Federation of Austrian Industries, Vienna Provided by: Federation of Austrian Industries, Vienna

19

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

7 10

7

9

11

12

13

16

17 20

19

20 19

20

20

21

24

32

35

61

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

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

11

12

12

13

13

13

16

16

17

17

56

IMD WORLD COMPETITIVENESS BOOKLET 2020