Economic Development in the Austrian Provinces in 2020

Due to their different economic structures, not all Länder were affected by the COVID-19 crisis to the same extent in 2020. According to the latest WIFO flash estimate, gross value added (excluding agriculture and forestry) shrank most in Tyrol (–9.2 percent compared with 2019), Salzburg and Styria (–6.8 percent each) in 2020. Accordingly, the economic slump was weakest in the eastern region (Vienna, Lower Austria, Burgenland; –5.7 percent on average). The western region (Vorarlberg, Tyrol, Salzburg, Upper Austria –7.0 percent) was also hit harder than the south of the country (Styria, Carinthia –6.4 percent).