Austrian Competitiveness Karl Hartleb Deputy Director General ADVANTAGEAUSTRIA Austrian Federal Economic Chamber
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Austria: the ideal access point to Europe markets 760 mio. customers 0,7% 1,7% 1,2% 1,9% 1,6% 3,0% 4,3% 1,7% 90 mio. io. customers 3,3% 3,1 % 1,7% 420 mio. io. customers 2,5% 0,6% 1,9% 1,6% 0,4% 1,7% in %: GDP growth 2011
Austria basic economic data Surface: 83.978 km2 Population: 8,5 Mio. GDP 2011: 301 bn (US$ 400 bn) GDP per capita: PPP 42.590 (US$ 41,101); # 2 in the European Union Share of industrial production in GDP: 29,2% approximately 3,4 million employees (14,29% foreigners) more than 400.000 businesses (99.6 % Small Medium Enterprises) Unemployment: 4,5% (lowest in the EU) Inflation rate: 2,6% Exports as share of GDP: almost 60% R&D expenditures: 2,78% of GDP
AUSTRIA - WORLDWIDE RANKING 3rd 6th 6th 6th 7th 8th 9th Worker motivation Diversification of the economy Pollution problems - access to water future energy supply Social responsibility Direct investment flows abroad Exports in services per capita Exports in goods per capita 10th Tourist destination worldwide 10th GDP per capita 2011 (USD 41,101) 10th Entrepreneurship 11th Unemployment rate 2011 11th Labor productivity 18th Most competetive country source: IMD World Competitiveness yearbook
GDP Growth Austrian vs. other EURO-Zone average Austria 2000/2012 p.a. Austria +1,5 % EURO-Zone +1,0 % EURO-Zone source: WIFO / Austrian Institute of Economic Research
Austria Industrial Country SUR PRIS INGLY INGE NIOUS Agriculture and Forestry; 1,6% Energy/Water Utilities; 2,4% Tourism; 4,4% Public Administration; 5,7% Banking and Insurance; 5,7% Transport/IT; 6,4% Other Services; 15,0% Production- Goods/Mining; 20,8% Business related Services; 18,9% Construction; 6,9% Commerce; 12,0% Production sector as percentage of GDP, 2010 Source: OECD, Eurostat, ABA-Austrian Business Agency
Efficiency Small and medium-size enterprises TRU STED EXP ERT ISE Austria 1 Germany 2 USA 4 Switzerland 5 Sweden 7 Netherlands 8 Australia 13 Norway 14 8,51 8,47 8,02 7,82 7,55 7,43 7,03 7,03 United Kingdom 22 6,41 Efficiency by international standards Source: World Competitiveness Yearbook 2011
Labour productivity Luxembourg 1 66,6 PA SSIO NATE PEO PLE Norway 2 USA 3 Austria 11 Sweden 13 Germany 15 Australia 16 UK 18 46,3 45,4 44,7 44,6 43,0 54,7 61,3 Switzerland 19 42,0 Estimates: GDP (PPP) per person employed per hour, US$ Source: World Competitiveness Yearbook 2011
Industrial disputes Austria 1 0,00 OBS ESSIVE ABOUT QUAL Japan 7 Switzerland 13 Netherlands 19 Germany 20 Poland 24 Sweden 25 USA 27 0,12 0,73 3,30 3,43 4,31 4,45 5,91 ITY Australia 28 United Kingdom 31 5,91 11,09 France 41 27,08 Working days lost per 1,000 inhabitants per year (average 2007-2009) Source: World Competitiveness Yearbook 2011
Unemployment EU Comparison 2012 Austria 4,5 PA SSIO NATE PEO PLE Netherlands Germany Belgium Finland U.K. EU 27 France Italy EU 17 Slovakia 5,3 5,5 7,4 7,9 8 10,5 10,6 10,7 11,4 14,2 Greece Spain 24,4 25,1 0 5 10 15 20 25 source: EUROSTAT / 8-2012
Innovative strength 0,80 0,75 0,70 0,65 0,60 0,55 0,50 0,45 0,40 0,35 0,30 0,25 0,20 0,15 0,10 0,05 0,00 Innovative Austria SE DE FI AT NL FR curve = EU 27 CZ IT ES GR HU PL SK RO BG 0,0% 1,0% 2,0% 3,0% 4,0% 5,0% 6,0% 7,0% Ø Annual growth in innovation Source: Innovation Union Scoreboard 2010
Contribution to EURO-stability Euro-Monitor Germany Austria 7,4 7,3 TRU STED EXP ERT ISE Luxembourg Netherlands Slovakia Belgium Slovenia Finland France Italy Malta Cyprus Portugal 4,1 4,6 4,9 4,9 5,9 5,6 5,6 5,5 5,5 7,0 7,0 Spain 4,0 Ireland 3,5 Greece Source: Allianz SE (2011) 2,9 Average Rating 2010 Source: Allianz SE
Quality of Life Switzerland 1 Austria 2 Canada 6 Germany 7 Sweden 9 Netherlands 10 Singapore 14 France 17 U.S.A. 19 United Kingdom 24 Spain 26 Italy 27 0 2 4 6 8 1 source: IMD 2011
Foreign Trade development 150 140 130 120 110 Exporte (Mrd. EUR) Importe (Mrd. EUR) Exportquote i.e.s. (% von BIP) - rechte Achse Exportquote i.w.s. (% von BIP) - rechte Achse 119,6 117,5 57,8 136,0 132 130,8 127,0 122,2 113,7 56,0 1 2 556,3 109,4 53,3 70 60 50 100 90 80 70 60 35,1 97,6 49,2 93,7 41,5 34,1 38,2 40,4 40,7 40 30 50 40 24,0 20 30 20 10 10 0 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* Source: Statistics Austria *estimate 0
TOP 10 export products 2/3 of total exports TRU EEN TRE PREN EURS Iron and Steel; 3,7% Plastics; 4,6% Metal; 4,9% Wood; 3,2% Paper; 3,3% Fuels; 3,4% Pharmaceutical Goods; 5,2% Automotive; 8,9% Machinery; 17,9% Electronical Engineering; 10,2% Source: Statistics Austria
Austria s Export Destinations SUR PRIS INGLY INGE NIOUS Austrian exports in % Europe = 81.5% sourc e: S tatistic s A ustria
Top Ten Export-Growth 2011 PA SSIO NAT E PEO PLE
Foreign Trade in Services 50 45 Export of Services (bln ) Import of Services (bln ) 44,0 47,0 40 35 30 30,3 30,5 25 20 17,9 15 14,1 10 5 0 Source: Oesterreichische Nationalbank 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012* source: Statistics Austria *estimate
SUR PRIS INGLY INGE NIOUS TOP service exports Business services 19% R&D 3% Other services 7% Architecture 5% Construction 2% Communication 2% IT/information 4% Transport 24% Tourism/leisure 29% Tourism/business 5% Source: ÖNB
Current Account Surplus TRU STED EXP ERT ISE Austria: 1990-2000: -2,2 % 2000-2010: +2,3 % Austria Euro-Zone source: WIFO / Austrian Institute of Economic Research
Foreign Direct Investments
AUSTRIA INSIDE OBS ESSIVE ABOUT QUAL ITY
SUR TRU PRIS STED INGLY EXP INGE ERT NIOUS ISE
British Museum London, UK Greater London Assembly, UK
COM MIT TED EXP ERTS
OBS ESSIVE ABOUT QUAL ITY