Macroeconomic Outlook Report: Austria

Macroeconomic Outlook Report: Austria

Summary

Financial intermediation, real estate, and business activities contributed 23.7% to the gross value added (GVA) in 2023, followed by mining, manufacturing, and utilities activities (21.8%) and wholesale, retail, and hotel activities (17.4%). In nominal terms, the three sectors are expected to grow by 4.5%, 4.0%, and 4.5%, respectively, in 2024.

Vienna, Linz, and Graz contributed 52.2% to the country’s GDP and were home to 49.6% of Austria’s population in 2023, according to MarketLine Cities database.

The ATX index exhibited an upward trend over the last year. The overall ATX index was recorded at 3,549.7 on October 25, 2024, compared to 3,024.5 on October 25, 2023.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• 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.