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Published byAvice Merritt Modified over 6 years ago
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Austrian Capital Market Days Austria’s role in Europe
Christian Lassnig, Consul
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Sound of Music
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Mountains
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Austria – at a glance Central location in Europe
3 hours flight to anywhere in Europe Hub between Eastern and Western Europe
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Austrian Economy A brief overview
GDP 2016: USD bn = ca. 2,7 % of EU = 1 % of the world GDP per capita 2016: USD 44,237 (Germany: USD 42,027) GDP growth %, but will accelerate to +2.8% in 2017 and 2018 > businesses (99.6 % Small Medium Enterprises – SMEs) FDI: strong in Central & Eastern Europe strong position in growth markets (EU, CEEC, Middle East, Russia)
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Austrian Economy A brief overview
high per-capita income requires high value added small domestic market requires a customer oriented approach (international) from technology absorbing/diffusing/follower to source of technology (driver) R&D-Intensity 3,1% of GDP in 2016 approx companies with defined R&D efforts and technical innovation innovation on a broader front: manufacturing, services, processes, business models, design & creative industries strong in niches + technology leadership > served world wide
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Austrian Economy A competitive business location
Austria ranks among the most prosperous countries in the EU. Austria’s economic output is 27 percent above the EU average. Source: Eurostat
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Austrian Economy A competitive business location
In recent years, Austrian industry has posted high productivity gains. The main reasons are good capacity utilization and the comparatively high investment ratio designed to strongly exploit market opportunities, for example in Eastern and South East Europe. Source: Eurostat
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Austrian Economy A competitive business location
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Austrian Economy A competitive business location
Source: WSI
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Austrian Economy A competitive business location
Dual education system provides a highly skilled labour force and results in extremely low youth unemployment Source: Eurostat
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Austrian Economy Innovation leader
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Austrian Economy A competitive business location
Numerous multinational corporations set up research and engineering centers in Austria And several Austrian technology companies have established themselves as world market and innovation leader
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Austrian Economy
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Austrian Economy Top investor in CEE Quellen:
Rumänien, Bulgarien: mit AHSt abgestimmt Russland: telefon. Info der AHSt, Wert im Länderprofil (Wert im Wirtschaftsbericht ist falsch) Türkei: übernommen aus altem Bericht, Wert der AHSt ( : USD 2,04 Mrd) Ukraine: tel. Info der AHSt andere: keine aktuellen Daten vorhanden Source: Oesterreichische Nationalbank
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Austrian Economy Top investor in CEE
Several multinational corporations set up their regional HQ for CEE in Austria And Austrian companies are among the strongest investors in the region
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Thank you very much for your interest!
Christian Lassnig Consul Austrian Consulate General – Commercial Section T
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