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Austria.
Dynamic Business Location.

The Business Location Austria and its advantages

Attractive business environment

  • Austria is the fourth richest country in the EU
  • Above-average purchasing power of Austrian consumers
  • Excellent infrastructure
  • Modern and efficient public administration
  • Highest quality of life

Stability and Security

  • Political stability and reliable legal system
  • High personal security

  • Good relations between employers and employees

  • Low strike rate and high level of social peace

  • Outstanding level of energy security

Tax advantages

  • Low corporate tax rate

  • Group taxation scheme

  • No wealth or trade tax

  • Cutting-edge Austrian trust regulations

  • Attractive research promotion incentives

Productivity

  • High labor productivity and low unit labor costs
  • Top motivated and highly qualified employees

Central Location

  • Ideal East-West business hub
  • Location for 380 CEE headquarters of multinationals
  • Coordination headquarters for about 1,000 foreign companies
  • Competent consultants with extensive CEE know-how
  • Leading flight and freight logistics hub to Eastern Europe

Business-oriented education

  • Dual education system combines theoretical and practical teaching
  • Optimal cooperation between business and science

Economic data of Austria

  2016 2017 2018*)
Real GDP growth rate (percentage change on previous year)
2.0% 2.6% 2.7%
Gross domestic product
(at current market prices)
356.24 billion € 369.90 billion € 386.15 billion €
GDP per head of population
(at current market prices)
37,480 € 38,190 € 39,290 €
Gross fixed capital formation
(Gross fixed capital formation)
23.2% 23.6% 23.9%
Employment rate
(Proportion of resident population in gainful employment)
76.2% 76.4% 76.4%
Unemployment rate 6.0% 5.5% 4.9%
Inflation rate 1.0% 2.2% 2.1%
Research and development expenditures
(percentage of GDP)
3.15% 3.16% 3.17%
Export rate
(as a percentage of GDP)
37.1% 37.9% 38.4%

Quelle: Eurostat, European Commission (Ameco database), Austrian Institute of Economic Research, Statistics Austria (04/2019)

Population

Austria is home to roughly 8.8 million people. Its employment rate of around 76.4% is above the EU-28 average of 73.3 percent.

The country's official language is German. However, Austrians also have an excellent knowledge of foreign languages. The vast majority of Austria's resident population speaks English, but there is also a large number of Austrians with a sound knowledge of Eastern European languages.

Political Environment

The Republic of Austria is a parliamentary democracy. Its legislative organs are the National Council, the Federal Council, and the provincial parliaments.

The 183 members of the National Council as well as the members of the nine provincial parliaments (for each federal province) are elected directly, while the members of the Federal Council are elected by the provincial parliaments.

For further information regarding the facts and figures of Austria, please have a look at our factsheet:

Factsheet: Key Facts of Austria (PDF, 107 kB)

If you are interested in more information about the business location Austria, download our brochure:

Brochure: Business Location Austria (PDF, 732 kB)

Austria: a smart location for business

Folder: A smart location for business (PDF, 305 kB)

Interested in Austria - Invest in Austria

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Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • 17. Mittelstandstag FrankfurtRheinMain

    07.11.2019, Frankfurt on the Main, Germany

  • MEDICA 2019

    18.11.- 21.11. 2019, Dusseldorf, Germany, Germany

Austria Map

Find the perfect location for your company

The "mental closeness" of Austria to its neighbours is an important advantage for establishing new business contacts.

Ericsson Austria

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More testimonials

news from the business location Austria

Siemens: New robot welding plant in Graz

Siemens Mobility has put a new robot-controlled frame welding facility into operation in Graz.

Austria on track to implement the mobility of the future

Recently the first autonomous or self-driving bus was put into operation in Vienna, and the first autonomous air taxi in Austria should be ready for series production by 2020. It seems that the mobility of the future has long begun in the Alpine Republic. This is, last but not least, evidence of the ideal conditions which innovative companies benefit from here.

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