The WIFO Radar summarises the competitiveness of the Austrian economy in comparison with around 30 European countries for
24 selected performance indicators. For each indicator, the relative position of a country is normalised to the respective
percentile rank (PR) , which indicates the share of all countries with equal or less favourable values. All
indicators are sorted such that a higher percentile rank corresponds to a higher competitiveness.
The WIFO Radar allows the interactive selection of countries and years. Moving the mouse over the axes or the grid shows
the corresponding definitions, sources and values for the selected data series. See WIFO's latest annual
report on the competitiveness radar for more detailed explanations and interpretations of the results
Source: Eurostat, ARDECO (Annual Regional Database of the European Commission), Patstat, IEA World Energy Sources, UNFCCC
GHG Data Interface, TED (Total Economy Database), Macrobond, WDS – WIFO Data System, WIFO. PR . . . percentile rank.
The following chart shows the real effective exchange rate index and it will be updated monthly.
The real effective exchange rate index shows the development of price competitiveness for Austrian exports. The index includes
the currencies of the most important trading partners. In addition, the development of relative consumer prices between Austria
and the partner countries is taken into account. An appreciation of the euro or stronger inflation in Austria relative to
the partner countries increases the index (deterioration of competitiveness); and a depreciation of the euro or weaker price
inflation in Austria relative to partner countries decreases the index (improvement of competitiveness).
The chart also allows a regional assessment of the dynamics relative to individual countries or regions, which can be added
to the chart. If the regional subindex is above the overall index, Austria has appreciated relative to that country/region
(deterioration of competitiveness). If the regional subindex is below the overall index, Austria has depreciated (improved
competitiveness) relative to this country/region.
1 1Url, T., Vondra, K., & Glauninger, U. (2021). Exchange rate index update for Austria shows
lower effective appreciation than previously measured. Monetary Policy & the Economy, Q4/21, p. 13-41.
The WIFO radar of competitiveness measures the performance of Austria using 24 selected indicators related to economic, social
and ecological goals: on average across 24 indicators, Austria is just behind the top third of European countries and has
recently fallen further behind. This was partly due to a drop in the rankings for multifactor productivity and the indicators
for employment and income distribution. Austria continues to achieve very high scores in regional cohesion. In other areas,
such as energy dependency and environmental patents, it has improved relative to the other countries.
JEL-Codes:E22, E23, E24, O52
Keywords:Competitiveness, locational quality, productivity, social living conditions, resource efficiency
Research group:Macroeconomics and Public Finance – Labour Economics, Income and Social Security – Industrial, Innovation and International Economics – Regional Economics and Spatial Analysis – Climate, Environmental and Resource Economics