Austria PESTLE Insights - A Macroeconomic Outlook Report

Austria PESTLE Insights - A Macroeconomic Outlook Report
Summary

Financial intermediation, real estate and business activities contributed 23.6% to the gross value added (GVA) in 2022, followed by mining, manufacturing and utilities activities (21.4%), and wholesale, retail and hotel activities (17.2%). In nominal terms, the three sectors are expected to grow by 8.3%, 8.4% and 8.1%, respectively, in 2023.

Upper Austria, Lower Austria, and Vienna contributed 58.4% to the country’s GDP in 2021 and were home to 57.2% of Austria’s population in 2022, according to Eurostat

The ATX index exhibited an upward trend from July 18, 2022, to July 18, 2023. Overall, the index recorded at 3,150.5 on August 29, 2023, compared to 2,915.7 on August 29, 2022.

Scope

• On November 3, 2021, the council of ministers in Austria approved an EUR18.2 billion ($19.2 billion) framework plan for expansion and maintenance of the country's rail network. This plan covers the period from 2022 to 2027.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.