Country Analysis Report - Austria - In-depth PESTLE Insights

The country analysis report on Austria provides a wide array of analytical inputs to analyze the country’s performance, and the objective is to help the reader to make business decisions and prepare for the future. The report on Austria analyzes the political, economic, social, technological, legal and environmental (PESTLE) structure of Austria . The report provides a holistic view of Austria from historical, current and future perspective. Insightful analysis on critical current and future issues is presented through detailed SCPT (strengths, challenges, prospects and threats /risks) analysis for each of the PESTLE segments. In addition, the PESTLE segments are supplemented with relevant quantitative data to support trend analysis. The PESTLE country analysis report series provides an in-depth analysis of 50 major countries.

• Understanding gained from the country analysis report on Austria can be used to plan business investments or market entry apart from a holistic view of the country. • Political section on Austria provides inputs about the political system, key figures in the country, and governance indicators. • Economic section on Austria outlines the economic story of the country to provide a balanced assessment on core macro-economic issues. • Social section on Austria enables understanding of customer demographics through the income distribution, rural-urban segmentation and centers of affluence, healthcare and educational scenario in the country. • Technological section on Austria provides strategic inputs on information communications and technology, technological laws and policies, technological gaps, patents data and relevant laws. • Legal section on Austria provides information about the legal structure, corporate laws, business set-up procedures and the tax regime. • Environmental section provides information on environmental policies in Austria and the performance in terms of important environmental indicators.

PESTLE analysis of Austria identifies issues that affect the country’s performance through the prism of current strengths (strengths), current challenges (weaknesses), future prospects (opportunities) and future risks (threats). The political landscape discusses the evolution of the political scenario in Austria in different periods. The economic, social, foreign and defense policies are considered in the political landscape section. It also discusses the performance of the country as per World Bank Governance Indicators. The economic landscape describes the evolution of the economy of Austria in different periods. It also examines the country’s performance in terms of GDP growth, composition by sector (agriculture, industry and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector and employment. The economic landscape also explains the financial system in the country, especially with regard to financial authorities/regulators. The social landscape covers the demographics, education and healthcare scenario in Austria . The social welfare policies of the government along with the country’s performance in terms of healthcare, income distribution and education are also provided. The technological landscape discusses the structure and policies in terms of Intellectual property, research & development, technology agreements/pacts; and policies related to the promotion of technology in Austria . The legal landscape examines the structure of the judicial system, legislation affecting businesses, tax regulations, labor laws, trade regulations and corporate governance in Austria . The environmental landscape in Austria discusses the environmental regulations and policies of the country. The performance of the country in terms of in terms of environmental indicators and impact of environmental policies is also examined.

"Austria has a well-developed market economy with a high standard of living. The country faced a slowdown in its economy during 2002 and 2003, when it recorded its lowest GDP growth since World War II at 0.88% and 1.22% in the two years. Austria’s economy grew at 3.22% and 3.32% during 2006 and 2007, respectively. The strong performance of the German economy helped Austria to register an improvement in its GDP during this time, and the country recorded an average GDP growth rate of 2.9% during 2004–07. Austria subsequently recorded a GDP growth of 2.2% in 2008; however, it was unable to shield itself from the global economic crisis and the economy contracted by 3.8% in 2009. More recently, the Austrian economy recovered smartly in 2010 to register a growth rate of 2.0%."

• What is the outlook in terms of political stability, policies towards businesses, external front and popularity of government in Austria ? • What is the economic performance of Austria in terms of GDP growth, fiscal situation, international investment position, monetary situation, credit disbursement, and employment among other economic indicators? • What is the performance of Austria in terms of healthcare, income distribution and education? • What is the performance of Austria in technology intensive sectors like telecommunications and information technology, patents and R&D expenditure trends? • What is the legal structure in Austria and are the laws conducive for investment? • What is the performance of Austria in terms of environmental indicators and impact of environmental policies?

Table of contents

TABLE OF CONTENTS
Overview
Catalyst
Summary
Key Facts and Geographic Location
Key facts
Geographic location
PESTLE Analysis
Summary
Political analysis
Economic analysis
Social analysis
Technological analysis
Legal analysis
Environmental analysis
Political Landscape
Summary
Evolution
Structure and policies
Structure of government
Structure of legislature
Performance
Outlook
Economic Landscape
Summary
Evolution
Structure and policies
Performance
International investment position
Monetary situation
Outlook
Social Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Technological Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Legal Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Environmental Landscape
Summary
Evolution
Structure and policies
Performance
Outlook
Appendix
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Disclaimer

TABLE OF FIGURES
Figure 1: Map of Austria
Figure 2: Austria – political events timeline
Figure 3: Austria – key political figures
Figure 4: Austria – composition of the lower house of parliament, September 2008
Figure 5: Austria – historical GDP growth, 1991–2010
Figure 6: GDP and GDP growth rate in Austria, 2004–14f (real GDP at constant prices)
Figure 7: Sector-specific GDP in Austria, 2010
Figure 8: Agricultural output in Austria, 2005–10
Figure 9: Industrial output in Austria, 2005–10
Figure 10: Services output in Austria, 2005–10
Figure 11: Austria’s international trade, 2006–10
Figure 12: Consumer price index and CPI-based inflation in Austria, 2004–14f
Figure 13: Unemployment in Austria, 2004–14f
Figure 14: Major religions in Austria, 2001 census
Figure 15: Growth of mobile and fixed-line telephones in Austria, 2002–13f
Figure 16: Number of Internet users in Austria, 2002–13f
Figure 17: Carbon dioxide emissions in Austria, 2003–10

TABLES
Table 1: Austria – key fundamentals
Table 2: Austria – key facts
Table 3: Analysis of Austria’s political landscape
Table 4: Analysis of Austria's economy
Table 5: Analysis of Austria’s social system
Table 6: Analysis of Austria’s technology landscape
Table 7: Analysis of Austria’s legal landscape
Table 8: Analysis of Austria’s environmental landscape
Table 9: Mid-year population by age (millions) in Austria, 2010
Table 10: Patents received by USPTO, 2001–10

Related research categories

By market: Austria (in Europe)