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Austria.
Dynamic Business Location.

Austria’s vocational training is tops

students at the university © ABA / Richard Tanzer

The index compares the employment, education and further education rates of people aged 16-24 from 34 OECD countries. Austria is rated fourth behind Switzerland, Germany and Iceland.  

Apprenticeship training as well as the education guarantee up to the age of 18 are responsible for Austria’s good performance. As a result, there is a comparatively low drop-out rate among young people who are neither in school or undergoing vocational training. Austria has a rate of 11.7% for the young people at the age of 20-24, slightly behind Germany with 9.3% but ahead of the overall winner Switzerland with 12.2%. The OECD drop-out average is 17%. PwC experts also gave Austria good marks in its measures to strengthen mathematical and scientific competencies (MINT subjects – mathematics, informatics, natural sciences and technology).

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