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Austria: In-depth PESTLE Insights

Austria: In-depth PESTLE Insights

Summary

This PEST country analysis report on Austria provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Key Highlights

  • The political landscape section discusses the evolution of the political scenario in Austria, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
  • The economic landscape section outlines the evolution of Austria's economy, as well as 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 social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
Scope
  • Understand the political system in Austria through analysis of key figures in the country and governance indicators.
  • Understand the economic situation in Austria through a balanced assessment of core macroeconomic issues.
  • Understand customer demographics in Austria through analysis of income distribution and the rural-urban split, as well as healthcare and education.
  • Understand the technological landscape in Austria through analysis of relevant laws and policies, as well as patents data.
Reasons to buy
  • What is the outlook in Austria in terms of political stability, policies towards business, and the popularity of the government?
  • How does Austria perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
  • How does Austria perform in terms of healthcare, income distribution, and education?
  • How does Austria perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?


Overview
Catalyst
Summary
Key findings
PESTLE highlights
Key fundamentals
Key Facts and Geographic Location
Key facts
Geographic location
PESTLE Analysis
Summary
Political analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Economic analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Social analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Technological analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Legal analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Environmental analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Political Landscape
Summary
Evolution
Structure and policies
Key political figures
Structure of government
Center/federal
State/provincial
Structure of legislature
Composition of legislature
Key policies
Performance
Governance indicators
Outlook
Economic Landscape
Summary
Evolution
Pre-1950
1950-1980
1981-1990
1991-2007
2008-2017
Structure and policies
Financial system
Financial authorities/regulators
Stock markets
Insurance
Performance
GDP and growth rate
GDP composition by sector
General government deficit/surplus situation
External debt
International trade
International investment position
Key monetary indicators
Interest rate
Employment
Outlook
Social Landscape
Summary
Evolution
Structure and policies
Composition by age and gender
Education
Healthcare
Social welfare
Performance
Healthcare
Income distribution
Education
Outlook
Technological Landscape
Summary
Evolution
Structure and policies
Technology agreements/pacts
Intellectual property
Performance
Opportunity sectors
Telecommunications, broadband, and internet
Research and development
Outlook
Legal Landscape
Summary
Evolution
Structure and policies
Judicial system
Structure of the system
Performance
Legal indicators
Outlook
Environmental Landscape
Summary
Evolution
Structure and policies
Environmental regulations
Performance
Environmental impact
Outlook
Appendix
Ask the analyst
Disclaimer
List of Tables
Table 1: Austria - Key Fundamentals, 2015-2022f 7
Table 2: Austria - Key Facts, 2018 15
Table 3: Analysis of Austria’s Political Landscape 18
Table 4: Analysis of Austria's Economic Landscape 22
Table 5: Analysis of Austria’s Social System 33
Table 6: Austrian Healthcare Indicators, 2017 or Latest Available Year 38
Table 7: Analysis of Austria’s Technological Landscape 40
Table 8: Analysis of Austria’s Legal Landscape 46
Table 9: Analysis of Austria’s Environmental Landscape 49
Table 10: List of Plant Species by Threat Category 54
Table 11: List of Animal Species by Threat Category 55
Table 12: Mid-year Population as a Percentage of the Total Population, 2017 78
Table 13: Patents Granted by the US Patent and Trademark Office, 2010-2015 84
List of Figures
Figure 1: Map of Austria 16
Figure 2: Migration in Austria, 2004-2017 19
Figure 3: Non-appealable Convictions from 1980 to 2017 21
Figure 4: Youth Unemployment (% of Total Labor Force, Ages 15-24), 2017 23
Figure 5: Real House Price Indices and Change in Prices, Q1 2012 - Q1 2018 24
Figure 6: Household Debt (% of Net Disposable Income), 2016 25
Figure 7: Tourism Growth, 2008-2016 26
Figure 8: Tourism Receipts, 2007-2016 27
Figure 9: Venture Capital Investments in Select European Countries, 2015 28
Figure 10: Bank Non-performing Loans to Total Gross Loans (%), 2006-2017 30
Figure 11: Austrian Banks’ Exposure to CESEE Countries and Foreign Claims, Q4 2017 and Q3 2017 32
Figure 12: Average Effective Age of Retirement, 2016 35
Figure 13: Employment Rate of Older Workers (aged 55-64) in Select European Countries, 2017 36
Figure 14: Old Age Dependency Ratio, 2017 37
Figure 15: Old Age Dependency Ratio, 1970, 2015, 2050f, 2060f 39
Figure 16: Number of Scientific and Technical Journal Articles, 2016 41
Figure 17: University-Industry Collaboration, 2018 42
Figure 18: Government Researchers, 2015 43
Figure 19: Share of Women Researchers (Full-time Equivalent) in Select European Countries, 2015 or Latest Available Year 44
Figure 20: Tertiary Education Attainment of 30-34 year olds in Select European Countries, 2017 45
Figure 21: Tax Wedge (% of Total Labor Cost), 2017 48
Figure 22: Renewable Energy’s share of Gross Final Energy Consumption, 2016 50
Figure 23: Air Pollution in Austria, 2016 51
Figure 24: Primary Production of Renewable Energy by Wind Power, 2005-2016 53
Figure 25: Threatened Species, 2017 54
Figure 26: Austria - Political Events Timeline 57
Figure 27: Austria - Key Political Figures 58
Figure 28: Austria - Composition of the National Council After the October 2017 Elections 60
Figure 29: Austria - Historical GDP Growth, 2007-2017 66
Figure 30: GDP and GDP Growth Rate in Austria, 2012-2022f 68
Figure 31: GDP Composition by Sector in Austria, 2017 69
Figure 32: Agricultural Output in Austria, 2012-2017 70
Figure 33: Industrial Output in Austria, 2012-2017 71
Figure 34: Services Output in Austria, 2012-2017 72
Figure 35: General Government Deficit - Austria, 2000-2017 73
Figure 36: External Trade of Austria, 2013-2017 74
Figure 37: Consumer Price Index and CPI-based Inflation in Austria, 2012-2022f 75
Figure 38: Unemployment in Austria, 2012-2022f 76
Figure 39: Major religions in Austria, 2001 79
Figure 40: Expenditure on Healthcare in Austria, 2011-2017 81
Figure 41: Total Expenditure on Education in Austria, 2011-2016 82
Figure 42: Number of Internet Users in Austria, 2012-2016 84
Figure 43: R&D Expenditure in Austria, 2000-2016 85
Figure 44: Carbon Dioxide Emissions in Austria, 2008-2015 90

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