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Well-being comparison: Austria among the top ten worldwide

map SEDA ranking © Boston Consulting Group

This was the conclusion of the study "Measure Well-Being to Improve It. The 2019 Sustainable Economic Development Assessment (SEDA)" carried out by the Boston Consulting Group. On the basis of 40 indicators broken down into the categories of economy, investments and sustainability, BCG compares the well-being of people in 143 countries. "Austria performs above the EU average in all areas", says BCG Austria Managing Director Lukas Haider. Austria has succeeded very effectively in converting economic output into the well-being of its inhabitants.

The SEDA analysis attests that Austria has undergone an extremely positive development in terms of income i.e. gross domestic product and GDP per capita. The country is current in the midst of a high-growth phase with rising GDP growth since 2016. In addition, in contrast to the eurozone, Austria did not have to suffer any decline in growth in the period 2012-2015. Moreover, the Alpine Republic ranks high when it comes to the environment, with renewable energy accounting for 70 percent of all electricity generation and more than 30 percent of all energy sources as well as an improved quality of the air.

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