Upload
others
View
2
Download
0
Embed Size (px)
Citation preview
AT
COUNTRYPROFILE AUSTRIA
CONTENTS<<COUNTRY>>
IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries
WORLD COMPETITIVENESSRANKING 2020
All data are available from theWorld Competitiveness Online.
Visit our eShop
BASIC FACTSCapital
Land area (square km '000) 842019
Exchange Rate (per $) 0.8932019
Population - market size (millions) 8.882019 43
Gross Domestic Product (GDP) (US$ billions) 446.12019 27
GDP (PPP) per capita (US$) 53,7192019 16
Real GDP growth (%) 1.62019 40
Consumer price inflation (%) 1.492019 25
Unemployment rate (%) 4.502019 28
Labor force (millions) 4.562019 42
Current account balance (% of GDP) 2.622019 26
Direct investment stocks inward ($bn) 209.12018 29
Direct investment flows inward (% of GDP) 2.942019 19
PEER GROUPS RANKINGSEUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries)
COMPETITIVENESS TRENDS - OVERALL
AUSTRIAOVERALL PERFORMANCE (63 countries) Rank
Vienna
CHALLENGES IN 2020Covid-19 measures: Ensure consistency as well as balance
between stabilization and competitiveness.
Federation of Austrian Industries, Vienna
COMPETITIVENESS LANDSCAPE
24 2518 19 16
2016 2017 2018 2019 2020
1620 19
32
2024
61
17 20
7 10
21 20
9
35
1119
127
13
Dom
estic
Eco
nom
y
Inte
rnat
iona
l Tra
de
Inte
rnat
iona
l Inv
estm
ent
Empl
oym
ent
Pric
es
Publ
ic F
inan
ce
Tax
Polic
y
Inst
itutio
nal F
ram
ewor
k
Busi
ness
Leg
isla
tion
Soci
etal
Fra
mew
ork
Prod
uctiv
ity &
Effi
cien
cy
Labo
r M
arke
t
Fina
nce
Man
agem
ent
Prac
tices
Att
itude
s an
d V
alue
s
Basi
c In
fras
truc
ture
Tech
nolo
gica
l Inf
rast
ruct
ure
Scie
ntifi
c In
fras
truc
ture
Hea
lth a
nd E
nvir
onm
ent
Educ
atio
n
Economic Performance Government Efficiency Business Efficiency Infrastructure
16 1612 12 11
2016 2017 2018 2019 2020
17 1713 13 13
2016 2017 2018 2019 2020
• Covid-19 measures: Ensure consistency as well as balance between stabilization and competitiveness.
• Reform of Pension System and Health Care System still pending.• Administrative reform to be pursued at both provincial (Länder)
and local level (Gemeinden).• Growth- and location compatible greening of the Economy to
be addressed.• Digital economy to be further developed.
Provided by:Federation of Austrian Industries, Vienna
IMPROVEMENTSWCY 2019
WCY 2020 DECLINES
WCY 2019
2.1.02 Government budget surplus/deficit (%) 0.11 0.73 1.1.15 Real GDP growth per capita 2.16
2.3.08 Exchange rate stability 0.046 0.005 1.1.14 Real GDP growth 2.7
1.4.04 Employment - long-term growth 1.46 2.07 4.1.07 Population - growth 0.56
1.5.01 Consumer price inflation 2.12 1.49 4.4.23 Environment-related technologies 0.94
3.2.18 Skilled labor 4.13 5.17 1.1.18 Gross fixed capital formation - real growth 3.28
1.4.08 Long-term unemployment 1.40 1.10 3.4.11 Women in management 31.80
4.3.18 Number of patents in force 697.3 832.6 2.3.13 Bribery and corruption 7.74
4.2.11 Qualified engineers 5.41 6.45 2.2.12 Real personal taxes 5.01
4.2.16 High-tech exports (%) 9.78 11.64 3.2.23 International experience 6.40
3.2.24 Competent senior managers 5.10 5.92 3.2.19 Finance skills 6.84
4.5.15 Primary and secondary education 7.13 8.19 2.4.04 Foreign investors 9.08
2.1.09 Public finances 5.01 5.72 3.4.09 Entrepreneurship 7.21
4.2.12 Public-private partnerships 5.73 6.50 2.3.02 Cost of capital 7.13
1.2.02 Current account balance 2.33 2.62 1.4.10 Youth exclusion 6.5
2.3.10 Adaptability of government policy 5.10 5.72 4.4.18 Renewable energies (%) 30.2
COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS
AUSTRIACOMPETITIVENESS EVOLUTION
1.15
2.90
28.86
7.03
4.61
5.94
6.36
6.8
The criteria below highlight the 15 biggest Improvements and the 15 biggest Declines in the overall performance of the economy. They are
determined by the largest percentage changes in the value of each criterion from one yearbook to the next.
WCY 2020
29.0
KEY ATTRACTIVENESS INDICATORSFrom a list of 15 indicators, respondents of the Executive Opinion Survey were asked to select 5 that they perceived as the key
attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number of responses
to the lowest.
1.6
0.43
0.81
8.56
6.92
6.85
1.4%2.8%5.6%6.9%12.5%12.5%12.5%13.9%33.3%36.1%54.2%65.3%66.7%76.4%86.1%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Competitive tax regimeCost competitiveness
Quality of corporate governanceCompetency of government
Access to financingOpen and positive attitudes
Business-friendly environmentDynamism of the economy
Effective labor relationsStrong R&D culture
Effective legal environmentHigh educational level
Policy stability & predictabilityReliable infrastructure
Skilled workforce
WORLD COMPETITIVENESSDIGITAL RANKING 2019
All data are available from theWorld Competitiveness Online.
Visit our eShop
Alpha AlphaLabelBeta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2
6.5 4 4 2 28.5 4 4 2 2
10.5 4 4 2 2
2015 2016 2017 2018 2019
26 19 16 15 20
16 12 12 13 10
29 28 28 26 32
19 19 15 14 23
COMPETITIVENESS & DIGITAL RANKINGS
PEER GROUPS RANKINGS
EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS < 20 MILLION (34 countries)
Knowledge
Technology
Future readiness
OVERALL
DIGITAL TRENDS - OVERALL
AUSTRIA
OVERALL PERFORMANCE (63 countries)
OVERALL & FACTORS - 5 years
26
1916 15
20
26 24 25 18
19
2015 2016 2017 2018 2019
Digital
Competitiveness
1611 9 9 12
2015 2016 2017 2018 2019
1612 11 10 13
2015 2016 2017 2018 2019
10 12 8 14
32 25 34 3120
23 29 25 15
Knowledge Talent Training & education Scientific concentration
Technology Regulatory framework Capital Technological framework
Future readiness Adaptive attitudes Business agility IT integrationThe direction of the triangle indicates the performance change from the last year: improved or stabledeclined
Overall Factors Sub-Factors
N.B. This graph provides only a comparison of the country’s performance in the two rankings.
u Overall top strengths
w Overall top weaknesses
Subfactors 2015 2016 2017 2018 201917 13 12 12 12
16 4 4 7 8
22 22 21 18 14
Talent Rank Rank Rank
Educational assessment PISA - Math 19 u 1 7 International experience 13 27 9 Foreign highly-skilled personnel 17 36 43 Management of cities 15 u 2 w 50w Digital/Technological skills 45 8 19u Net flow of international students 4 36 25 10
Subfactors 2015 2016 2017 2018 201931 29 25 24 25
47 39 38 38 34
18 19 22 21 31
Regulatory framework Rank Rank Rank
w Starting a business 50 39 30 Enforcing contracts 9 21 20w Immigration laws 51 15 31 Development and application of technology27 12 30 Scientific research legislation 16 37 37 Intellectual property rights 10 w 60 37
Subfactors 2015 2016 2017 2018 201931 30 25 25 29
10 9 8 5 25
15 16 9 10 15
Adaptive attitudes Rank Rank Rank
E-Participation 40 20 20 Internet retailing 17 23 38 Tablet possession 20 15 u 5 Smartphone possession 36 41 u 6 Attitudes toward globalization 36 12
Technological framework
Talent
Robots in Education and R&D
Training & education Scientific concentration
TECHNOLOGY
Opportunities and threats E-GovernmentWorld robots distribution Public-private partnerships
FUTURE READINESS
IT integration
Business agility IT integration
FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES
Total expenditure on R&D (%)Total public expenditure on education Total R&D personnel per capita
Capital Technological framework
Scientific concentration
Training & education
Adaptive attitudes
Business agility
Venture capital Internet bandwidth speedInvestment in Telecommunications High-tech exports (%)
Regulatory framework
Capital
IT & media stock market capitalization Communications technologyFunding for technological development Mobile Broadband subscribersBanking and financial services Wireless broadbandCountry credit rating Internet users
Higher education achievement Female researchersPupil-teacher ratio (tertiary education) R&D productivity by publicationGraduates in Sciences Scientific and technical employmentWomen with degrees High-tech patent grants
Employee training
KNOWLEDGE
AUSTRIA
Agility of companies Cyber securityUse of big data and analytics Sofware piracyKnowledge transfer
WORLD TALENTRANKING 2019
All data are available from theWorld Competitiveness Online.
Visit our eShop
Alpha AlphaLabel Beta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2
Value
4.8 % 28 27.7 % 4 11,348 US$ 10 11.27 ratio 9 9.17 ratio 7u 8.07 Survey [0..10] 3u 7.96 Survey [0..10] 1 46.72 % 21 8.40 Survey [0..10] 7
Value
w 87.20 index 43u 8.15 Survey [0..10] 2u 7.82 Survey [0..10] 2 6.13 Survey [0..10] 16u 9.63 Survey [0..10] 2 6.53 Survey [0..10] 17 46,305 US$ 12 287,770 US$ 5w 29.67 % 62 7.91 Survey [0..10] 14 12.66 micrograms 22
Value
w 0.75 % 37w 4.13 Survey [0..10] 53 6.84 Survey [0..10] 24 6.40 Survey [0..10] 13w 5.10 Survey [0..10] 41 7.13 Survey [0..10] 19 30.30 % 8 7.78 Survey [0..10] 12 7.27 Survey [0..10] 17 7.03 Survey [0..10] 24 8.41 number 4 496 Average 23
2019 Rank
Total public expenditure on education Percentage of GDP
Pupil-teacher ratio (secondary education)Apprenticeships are sufficiently implemented
Investment & Development 2019 Rank
Health infrastructure meets the needs of society
is readily available
Readiness 2019 Rank
Educational assessment - PISA PISA survey of 15-year olds
Appeal
Exposure to particle pollution Mean population exposure to PM2.5, Micrograms per cubic metre
Labor force growth Percentage change
Skilled labor
Management education meets the needs of the business community
Language skills are meeting the needs of enterprises
Student mobility inbound Foreign tertiary-level students per 1000 inhabitants
Primary and secondary education meets the needs of a competitive economy
Graduates in Sciences % of graduates in ICT, Engineering, Math & Natural Sciences
University education meets the needs of a competitive economy
Finance skills are readily available
International experience of senior managers is generally significant
Competent senior managers are readily available
Justice is fairly administered
Remuneration in services professions Gross annual income including supplements such as bonuses, US$
Remuneration of management Total base salary plus bonuses and long-term incentives, US$
Effective personal income tax rate Percentage of an income equal to GDP per capita
Brain drain (well-educated and skilled people) does not hinder competitiveness in your economy
Quality of life is high
Foreign highly-skilled personnel are attracted to your country's business environment
Cost-of-living index Index of a basket of goods & services in the main city, including housing (New York City = 100)
Attracting and retaining talents is a priority in companies
Worker motivation in companies is high
Gov. expenditure on education per student Percentage of GDP per capita (secondary education)
Total public exp. on education per student
AUSTRIA
Spending per enrolled pupil/student, all levels
Pupil-teacher ratio (primary education) Ratio of students to teaching staff
Ratio of students to teaching staff
Employee training is a high priority in companies
Female labor force Percentage of total labor force
IMD World Talent Ranking 2019
OVERALL PERFORMANCE (63 countries)
12
54 4 44
3 32
4
20
18
15
13 13
26
19
16
18
10
2015 2016 2017 2018 2019
Overall
Investment &Development
Appeal
Readiness
4
134
10
Investment & Development
Appeal
Readiness
The direction of the triangle indicates the performance change from the last year: improved or stabledeclined
2020
IMD WORLDCOMPETITIVENESSYEARBOOK
IMD
Wor
ld C
ompe
titive
ness
Year
book
About the Institute for Management Development (IMD)
IMD is an independent academic institution with Swiss roots and global
reach, founded almost 75 years ago by business leaders for business
leaders. Since its creation, IMD has been a pioneering force in developing
leaders who transform organizations and contribute to society.
Based in Lausanne (Switzerland) and Singapore, IMD has been ranked
in the Top 3 of the FT’s annual Executive Education Global Ranking for
the last nine consecutive years and in the top five for 17 consecutive
years. Our MBA and EMBA programs have repeatedly been singled out
among the best in Europe and the world.
We believe that this consistency at the forefront of our industry is
grounded in IMD’s unique approach to creating “Real Learning. Real
Impact”. Led by an expert and diverse faculty, we strive to be the trusted
learning partner of choice for ambitious individuals and organizations
worldwide. Challenging what is and inspiring what could be.
www.imd.org
IMD, IMD INTERNATIONAL, REAL LEARNING. REAL IMPACT, IMD BUSINESS SCHOOL and IMD WORLD COMPETITIVENESS YEARBOOK are trademarks of IMD - International Institute for Management Development