The WIFO Radar of Competitiveness for the Austrian Economy 2024

The WIFO Radar of Competitiveness tracks Austria's performance as a business location, taking into account economic, social and ecological targets. On average across 24 indicators, Austria has fallen behind both year-on-year and in a longer-term comparison. The main reasons for this were the particularly poor productivity performance compared to the benchmark countries, the slower growth in goods exports and the loss of position in the efficient use of natural resources. In the dimension of labour market and social conditions, Austria's position remained unchanged compared to the previous year.