Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Dynamic Business Location.

Austria is ranked third in the EU with respect to material prosperity

Sacher cake © Hotel Sacher

The so-called "actual individual consumption" measures goods and services actually consumed by households. Austria is at 117 percent of the EU average, according to the European Statistical Office Eurostat. The data is based on revised purchasing power parities as well as the latest GDP and population figures.
According to the new study, only Germany and Luxembourg have a higher level of material prosperity. However, the figures for Luxembourg are distorted by the large number of commuters from neighbouring countries, Eurostat admits. The latest figures apply to the year 2018. This benchmark provides a better comparison than annual GDP per capita, Eurostat says.

The poorest country in the EU is Bulgaria, in which case actual individual consumption (AIC) is only at 56 percent of the EU average. Ten EU member states have an AIC which is higher than the EU average, whereas fourteen countries were up to 30 percent lower. Most EU member states have shown a constant AIC level in recent years.

Find out more about the excellent framework for companies in Austria.

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

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

  • Doing Business in Austria

    03.03.2020, Bratislava, Slovakia

  • Austria as a European window for Russian export opportunities

    05.03.2020, Moscow, Russia

Austria Map

Find the perfect location for your company

Thanks to a fantastic mindset, our employees at the Villach site have built up a unique expertise which helps us to further strengthen our position on the global market. We fuse high-performance manufacturing with research and development in the field of power electronics. In addition to a very good cooperation with partners and networks, a well-developed landscape of 'talent factories' ranging from higher technical colleges to universities, we as a company also value the outstanding model of research promotion which exists in Austria.

Infineon

Logo Infineon
More testimonials

news from the business location Austria

Many-body quantum physics

Many of the biggest questions in physics can be answered with the help of quantum field theories: They are needed to describe the dynamics of many interacting particles. These theories are just as essential in solid state physics as they are in cosmology.

Growing demand for natural active ingredients enables Phytovalley Tyrol to flourish

The comeback of plant-based active ingredients in medicine, cosmetics and food production has positive impacts on Tyrol as a business location. Austria has succeeded in playing a pioneering role in plant research thanks to the support of the federal government, the Federal Province of Tyrol, the company Bionorica and the University of Innsbruck. This niche in plant research already established itself in Innsbruck years ago.

More news All blog posts