Investor Presentaiton
OeBFA
Austrian Treasury
Industrial production as the core of the Austrian Economy
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Austria
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an industrial Nation with many "Hidden Champions”
Austria is not only a beautiful holiday location. The country is primarily an industrial nation. Around 30% of GVA comes from the
secondary sector, whereas tourism contributes around 8% to the GDP1
Austria is among the countries with the most "Hidden Champions" per capita. Many Austrian industrial companies are in the top ranks
or even global market leaders²
Around 450 global companies have set up their CEE headquarters in Austria and leverage the potential of skilled Austrian
workers with extensive foreign language skills. Austria ranks third in the 2023 English Proficiency Index worldwide³
Vienna is a centre of international diplomacy. It is one of the four headquarters of the United Nations and is the seat for the OPEC
and OSCE. It also has the highest quality of living worldwide 4 and is a international conference and congress metropole 5
1) Source: Statistics Austria, February 2024 (Secondary sector i.e. industry & construction contributed 29.2% of the gross value added in 2023)
2) Source: Austrian Business Agency, May 2023
3) EF Education First, November 2023
4) Source: Economist Intelligence Unit -The Global Liveability Index 2023
5) Source: International Congress and Convention Association, May 2023
Republic of Austria / Investor Information, April 2024
1. Economic & Fiscal Overview
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