PESTLE Insights: Austria - Macroeconomic Outlook Report
Summary Upper Austria, Lower Austria and Vienna contributed 58.0% of the country’s GDP and comprised 57.0% of the Austria’s population as of 2017. More than three quarters of Austria’s overall FDI inflows were from European nations in 2017
Financial intermediation, real estate and business activities contributed 29.8% to the gross value added (GVA) in 2018, followed by mining, manufacturing and utilities (15.1%) and wholesale, retail and hotels (12.7%). In nominal terms, the three sectors are expected to grow by 5.1%, 4.6% and 5.0%, respectively, in 2019.
Scope - As per the World Bank’s Logistics Performance Index (LPI), transport and logistic infrastructure in Austria has improved over the last two years with jump in rank from seventh in 2016 to fourth out of 160 countries in 2018. - The ATX Index, widely considered a benchmark of the overall performance of stocks listed in the Vienna Stock Exchange, has exhibited a decreasing trend. As of April 8, 2019, the ATX Index stood at 3,139.38, compared to 3,452.24 on April 6, 2018.
Reasons to buy - Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure. - PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations - Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business. - This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
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