Economic Development in the Austrian Provinces in 2020

23.07.2021

Regional Economic Development in the Wake of the COVID-19 Crisis

The economic slump triggered by the COVID-19 crisis hit the Austrian provinces to varying degrees. This is mainly due to the extent to which individual sectors were affected by the crisis, as well as to differences in the regional economic structure.

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).

Publications

Julia Bachtrögler-Unger, Sabine Ehn-Fragner, Matthias Firgo, Oliver Fritz, Peter Huber, Michael Klien, Gerhard Streicher

Regionale Konjunkturentwicklung im Zeichen der COVID 19-Krise. Die Wirtschaft in den Bundesländern 2020 (Regional Economic Development in the Wake of the COVID-19 Crisis. Economic Development in the Austrian Länder in 2020)

WIFO-Monatsberichte, 2021, 94(6), pp.433-450

Online since: 30.06.2021 0:00

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Der durch die COVID-19-Pandemie ausgelöste Wirtschaftseinbruch traf die österreichischen Bundesländer unterschiedlich hart. Das ist vor allem der unterschiedlichen Krisenbetroffenheit der einzelnen Branchen und Unterschieden in der regionalen Wirtschaftsstruktur geschuldet. Neben dem Tourismus verzeichneten weite Teile des (Einzel-)Handels und der nicht wissensintensiven Marktdienstleistungen besonders kräftige Einbußen, aber auch die Sachgütererzeugung litt unter Absatzrückgängen im In- und Ausland. Die Wertschöpfungs- und Beschäftigungsverluste waren in der Ostregion (Wien, Niederösterreich, Burgenland) am geringsten. Zugleich fiel dort der Anstieg der Arbeitslosigkeit am schwächsten aus.

Please contact

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Julia Bachtrögler-Unger, PhD

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 473
julia.bachtroegler-unger@wifo.ac.at
Currently: On leave

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Sabine Ehn-Fragner

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 254
sabine.ehn-fragner@wifo.ac.at

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Prof. Dr. Matthias Firgo

Phone: +43 1 798 26 01 - 471
matthias.firgo@wifo.ac.at

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Mag. Dr. Oliver Fritz

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 261
oliver.fritz@wifo.ac.at

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Mag. Dr. Peter Huber

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 404
peter.huber@wifo.ac.at

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Dr. Michael Klien

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 293
michael.klien@wifo.ac.at

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Dipl.-Ing. Dr. Gerhard Streicher

Research groups: Regional Economics and Spatial Analysis

Phone: +43 1 798 26 01 - 272
gerhard.streicher@wifo.ac.at

Phone:	+43 1 798 26 01 - 0
Fax:	+43 1 798 93 86
Email:	office@wifo.ac.at