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Austria

More Skills Than You Think

You expected world-class singers.
You get world-class engineers.

In Austria, you will find more than yodeling:

  • Central access to European market
  • Highly skilled talents at reasonable costs
  • #3 in the EU regarding the number of STEM graduates

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© Paul Bauer

More talent than you think

  • Expertise & loyalty: In Austria, you get highly skilled employees at reasonable costs that are extremely motivated and loyal – on average, they stay with a company for about ten years.
  • STEM experts: International companies highly value the specialised expertise of Austrian employees, e.g. in STEM areas such as artificial intelligence, autonomous systems, bioinformatics, cyber security, data science or power electronics. More than 30% of graduates in Austria are from STEM areas, which makes Austria #3 in the EU.
  • Dual training system: The dual apprenticeship system and advanced technical colleges focus on practice-oriented skills. Austria’s young specialists win awards regularly - they won 12 medals at the 2025 European Skills Championships.
  • English proficiency: Austria holds the #1 position in the English Proficiency Index and a quarter of all Austrians grow up bilingual.

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Close to Europe's key markets – by design

Austria combines central positioning with excellent connectivity, making it easy to reach Europe's most important business hubs.

  • Gateway to a market with around 600 million consumers in the heart of Europe
  • Location of many international organizations (e.g., UN, OPEC, and IAEA) and more than 400 regional headquarters
  • Hub between East and West – ideal for international expansion and business contacts

Explore more benefits

3 hours by air:
600 Million consumers
2 hours by air:
450 Million consumers
1 hour by air:
100 Million consumers
© Roman Königshofer

Austria as an industrial nation

  • Industry as a Pillar of the Economy: At 26.8%, Austria’s share of industrial production in GDP is significantly above the EU average of 24.7%. In comparison, tourism, although also important, contributes 13,6% to the GDP.
  • 275 Leading Industrial Companies in Austria: Many of them are “hidden champions", such as Andritz AG, voestalpine, Rosenbauer, Miba, Lenzing, and Doppelmayr. 
  • More than 1 million employees: More than 1 million people work in Austria’s manufacturing sector, and approximately 14,000 apprentices are trained in the industry.
  • Export-oriented: Austria is also among the top three foreign investors in Eastern and Southern Europe.

More about the Austrian market

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We quickly provide you with information that gets right to the point, and thus reduce complexity. Support and advice - completely free of charge and always up to date.

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Copyright: © Maximilian Fischer (top) / © Maximilian Fischer (bottom)

FAQs

  • 01

    More than 300 US companies are doing business in Austria. The country offers US companies a solid economic environment, high purchasing power, well-developed infrastructure, high quality of life and a stable, predictable legal framework. Due to its central location and EU membership, Austria provides access to a market with more than 600 million consumers and is closely integrated with markets in Central and Eastern Europe.

  • 02

    Yes. Austria is centrally located in Europe and is the loation of more than 412 regional headquarters of international companies. The central location makes it especially attractive as a hub for business in Europe because it offers direct access to over 100 million consumers in the German-speaking region and strong connections to the emerging CEE and SEE markets. This expertise in international business is also reflected in the high export rate of 54.3%.

  • 03

    Austria offers highly qualified, motivated and loyal specialists. Companies value the job-specific expertise and practice-oriented skills of Austrian employees, who stay with a company for around ten years on average. Austria’s dual education system links schools with businesses and enables practice-oriented learning aligned with company needs.

  • 04

    Yes. Austria’s 23 universities and 21 universities of applied sciences offer programs that address current digitalization needs, including artificial intelligence, autonomous systems, bioinformatics, cybersecurity, data science and power electronics. More than 30% gratuate in STEM fields, which makes Austria #3 in Europe. Robert Bosch AG, for example, is increasingly relying on Austria as an engineering location in areas such as automotive radar systems, artificial intelligence and electrolysis for green hydrogen.

  • 05

    Austria is a dynamic research location with a strong innovation ecosystem, direct research funding and a 14% research premium. The research ratio increased from 1.53% in 1994 to 3.35% in 2024, positioning Austria among Europe’s strongest research and development locations and on the same level as the US with 3.4%. Companies benefit from close cooperation between business and science, including universities, research institutes, suppliers, customers and startups.

  • 06

    INVEST in AUSTRIA supports international companies throughout their entire expansion journey, from evaluating Austria as a potential location to successfully establishing and growing operations in the market. With extensive experience supporting North American companies, we understand the practical challenges of transatlantic expansion, including market entry, site selection, talent acquisition, regulatory requirements, and access to the innovation ecosystem. Our services include tailored location advice, industry insights, introductions to key stakeholders, information on funding opportunities, assistance with company setup, and support in identifying suitable office, laboratory, industrial, or manufacturing locations. All services are provided confidentially and free of charge.

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© Paul Bauer

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