However, both countries rank behind Switzerland (€ 40,739). Purchasing power within Austria is fairly equally distributed, according to the latest GfK purchasing power study. Lower Austria is number one with an average of € 25,615 per capita, followed by Vorarlberg with € 25,535. The indicator of purchasing power measures the nominal disposable net income of the population including government services such as unemployment benefits, child allowances and retirement benefits, and is available to people for consumer spending, housing, recreational activities and saving.
Purchasing power distribution in the individual Austrian districts is much more heterogeneous than on a provincial level. Vienna's first district (inner city) is the most prosperous area of the country, featuring an average annual purchasing power of € 40,187 per capita, at roughly the same level as in Switzerland.
Austria is not only one of the most prosperous but also one of the most liveable countries in the world. Learn more about this!