Economic Slowdown Shifted Regional Growth Patterns. Business Development in the Austrian Länder in 2019

The growth advantages of the more industrialised Länder of 2018 largely dissolved in 2019 in favour of the more service-oriented Länder. This pattern was only broken by Styria, which, according to WIFO's Flash Estimate for 2019, had the highest economic growth of all Austrian Länder. Employment development lost momentum in parallel with the development of value added but remained positive in all Länder.