AAustria experienced a renewed downturn in its economy and labour market between mid-2011 and late-2014, with increasing rates of unemployment largely due to slack domestic demand. But there are recent signs of a slow recovery: overall and youth unemployment rates and the incidence of long-term unemployment all started to fall in the first quarter of 2015, if only marginally, and employment continued to increase.

Austria needs to do more to help people with mental health problems find a job or stay in the workplace, according to a new OECD report. A more comprehensive approach would help employees and firms alike: mental health issues are estimated to cost the Austrian economy around 3.6% of GDP every year in lost productivity, health care and out-of-work benefits.

The Austrian health system generally provides good access to care, but the quality of care might be improved in the area of cancer care and in reducing hospital admission rates for chronic conditions by strengthening primary care.

Das österreichische Gesundheitssystem gewährleistet einen niederschwelligen Zugang zur Gesundheitsversorgung, es gibt jedoch Verbesserungspotenzial bei der Qualität der Krebsversorgung sowie der Reduktion von Spitalsaufnahmen durch die Stärkung der medizinischen Primärversorgung.

The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.

Austria has taken important steps to improve its school system, but needs to reform its complex school governance to further improve quality and equity, according to a new OECD report.

This country note provides an environmental tax and carbon pricing profile for Austria. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

The number of young people not in employment, education or training (NEETs) remains elevated in many countries since the crisis. This country note examines the characteristics of those at risk of being NEET in Austria along with policies to help meet the challenge. It also includes many new youth-specific indicators on family formation, self-sufficiency, income and poverty, health and social cohesion.

This country note presents student performance in science, reading and mathematics, and measures equity in education in Austria. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).

The Austrian economy is strengthening, supported by recent tax reform and a pick-up in international trade. With business and household confidence rising and the short-term outlook favourable, policymakers should enact deeper structural reforms that will improve both fiscal sustainability and social cohesion.

Austria’s transition to a digital economy and society is progressing but is slower than in the most advanced economies. A whole-of-government approach should help embrace change and facilitate the flourishing of innovative businesses, work practices and lifestyles throughout Austria.

Life expectancy in Austria is close to the OECD average, but Austrian’s smoke and drink more than people in other countries. While access to health care is good, quality of care indicators show more mixed results. Austria spends more on health than the OECD average.

This note presents selected country highlights from the OECD Science, Technology and Industry Scoreboard 2017 with a specific focus on digital trends among all themes covered.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

This country note for Austria provides detail on the proportion of CO2 emissions from energy use subject to different effective carbon rates (ECR), as well as on the level and components of average ECRs in each of the six economic sectors (road transport, off-road transport, industry, agriculture and fishing, residential & commercial, and electricity).

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The Austrian standard VAT rate is 20.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Austria was 18% in 1983. It changed to the current level in 1984. Austria applies reduced VAT rates of 10% and 13% to a number of goods and services as well as one specific regional rates.

Risks That Matter 2018 Country Highlights: Austria

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.

This country note explains how Austria taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

Austria stands out for its high levels of economic and social well-being. Preserving these will require reforms to improve competition in the service sector, increase access to risk capital for firms of all sizes, encourage more women and migrants into the workforce and lengthen work lives to reflect the ageing population, according to a new OECD report.

The tax-to-GDP ratio in Austria increased by 0.4 percentage points from 41.8% in 2017 to 42.2% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Austria increased by 0.3 percentage points from 47.6 in 2018 to 47.9 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Austria had the 4th highest tax wedge among the 36 OECD member countries, occupying the same position in 2018.

Exports to Austria in Turkey decreased to 80041.73 USD THO in March from 83701.03 USD THO in February of 2020. Exports to Austria in Turkey averaged 91929.84 USD THO from 2014 until 2020, reaching an all time high of 124590.37 USD THO in October of 2018 and a record low of 69332.25 USD THO in January of 2016. This page includes a chart with historical data for Turkey Exports to Austria.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

Austria should eliminate subsidies which encourage early retirement and target social transfers more effectively, according to the OECD’s latest economic survey.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Austria has achieved high levels of economic growth and well-being, but must address serious demographic, environmental and globalisation challenges if future generations are to share the same prosperity, according to the OECD’s latest Economic Survey of Austria.

Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.

Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.

Austria has a model of "separate gender roles" in work, family and life arrangements which persists despite efforts to better balance these roles.

Gender mainstreaming with the aim of more gender equality ranks high on the agenda of Austrian policy makers.

The Austrian economy is strengthening, supported by recent tax reform and a pick-up in international trade. With business and household confidence rising and the short-term outlook favourable, policymakers should enact deeper structural reforms that will improve both fiscal sustainability and social cohesion.

Austria’s transition to a digital economy and society is progressing but is slower than in the most advanced economies. A whole-of-government approach should help embrace change and facilitate the flourishing of innovative businesses, work practices and lifestyles throughout Austria.

After several years of subdued growth, economic output accelerated in 2016 supported by a tax reform that entered into force in 2015-16, and more recently a pick-up in international trade.

Digitalisation will redesign production processes and alter relationships between work and leisure, capital and labour, the rich and the poor, the skilled and the unskilled. It creates opportunities to boost inclusive growth and well-being by raising productivity, enhancing private and public services, and democratising information.

Austria’s transition to a digital economy and society is slower than in other high-income small open European economies.

Digitalisation is one of the megatrends affecting societies and labour markets, alongside demographic change and globalisation.

This paper develops a simple model-based framework for stress testing fiscal consolidation strategies under different scenarios of future shocks

Wages High Skilled in Austria decreased to 3590 EUR/Month in 2018 from 4010 EUR/Month in 2017. Wages High Skilled in Austria averaged 3827.50 EUR/Month from 2015 until 2018, reaching an all time high of 4010 EUR/Month in 2017 and a record low of 3590 EUR/Month in 2018. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Austria 10Y Bond Yield was -0.10 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Austria Government Bond 10Y reached an all time high of 9.04 in October of 1990. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Exports to Austria CMLV in Russia increased to 378.30 USD Million in February from 230 USD Million in January of 2020. Exports to Austria CMLV in Russia averaged 1034.78 USD Million from 2006 until 2020, reaching an all time high of 3517.10 USD Million in December of 2019 and a record low of 63.70 USD Million in January of 2015. Russia accounts for Exports to Austria using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports to Austria.

Wages Low Skilled in Austria decreased to 1660 EUR/Month in 2018 from 1780 EUR/Month in 2017. Wages Low Skilled in Austria averaged 1750 EUR/Month from 2015 until 2018, reaching an all time high of 1800 EUR/Month in 2016 and a record low of 1660 EUR/Month in 2018. Low Skilled Wages refer to highest estimate of wage of workers doing low-skilled jobs, calculated from sample of wages collected by WageIndicator surveys. This page provides - Austria Wages Low Skilled- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households Debt in Austria decreased to 83.21 percent of gross income in 2018 from 84.91 percent in 2017. Households Debt To Income in Austria averaged 81.32 percent from 2000 until 2018, reaching an all time high of 86.92 percent in 2010 and a record low of 73.36 percent in 2000. This page provides - Austria Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports from Austria in Netherlands decreased to 249000 EUR THO in February from 251000 EUR THO in January of 2020. Imports from Austria in Netherlands averaged 207548.07 EUR THO from 2014 until 2020, reaching an all time high of 327000 EUR THO in November of 2018 and a record low of 139004 EUR THO in August of 2014. This page includes a chart with historical data for Netherlands Imports from Austria.

Home Ownership Rate in Austria increased to 55.40 percent in 2018 from 55 percent in 2017. Home Ownership Rate in Austria averaged 56.47 percent from 2007 until 2018, reaching an all time high of 59.20 percent in 2007 and a record low of 52.40 percent in 2011. This page provides the latest reported value for - Austria Home Ownership Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Austria scored 76.61 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Austria averaged 21.59 Points from 2007 until 2019, reaching an all time high of 76.61 Points in 2019 and a record low of 5.08 Points in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Austria Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Living Wage Family in Austria decreased to 1560 EUR/Month in 2018 from 1680 EUR/Month in 2017. Living Wage Family in Austria averaged 1570 EUR/Month from 2015 until 2018, reaching an all time high of 1680 EUR/Month in 2017 and a record low of 1520 EUR/Month in 2016. WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.

Gold Reserves in Austria remained unchanged at 279.99 Tonnes in the fourth quarter of 2019 from 279.99 Tonnes in the third quarter of 2019. Gold Reserves in Austria averaged 296.88 Tonnes from 2000 until 2019, reaching an all time high of 407.48 Tonnes in the second quarter of 2000 and a record low of 279.99 Tonnes in the third quarter of 2007. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Austria Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.