A WIFO Radar of Competitiveness for the Austrian Economy

The new WIFO radar of competitiveness measures the performance of Austria using 24 selected indicators in four dimensions related to economic, social and ecological goals. Stable values in the top third are recorded for real per-capita income and foreign trade. In the dimensions of "social living conditions" and "use of natural resources", Austria is also above the European average, but does not rise beyond a medium range. After moderate but persistent losses of position in the past years, Austria is on average slightly behind the best third of European countries.