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The WIFO Radar of Competitiveness for the Austrian Economy 2024

Author

Listed:
  • Michael Peneder
  • Benjamin Bittschi

    (WIFO)

  • Anna Burton

    (WIFO)

  • Angela Köppl
  • Thomas Url

    (WIFO)

Abstract

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.

Suggested Citation

  • Michael Peneder & Benjamin Bittschi & Anna Burton & Angela Köppl & Thomas Url, 2025. "The WIFO Radar of Competitiveness for the Austrian Economy 2024," WIFO Reports on Austria, WIFO, issue 2, January.
    • Handle: RePEc:wfo:repoau:y:2025:i:2
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    File URL: https://www.wifo.ac.at/?p=422328
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    References listed on IDEAS

    as
    1. Jarko Fidrmuc & Christa Hainz & Werner Hölzl, 2024. "Individual credit market experience and beliefs about bank lending policy: evidence from a firm survey," Scandinavian Journal of Economics, Wiley Blackwell, vol. 126(2), pages 387-414, April.
    2. Agnes Kügler & Klaus Friesenbichler & Cornelius Hirsch, 2024. "Labour Market Effects of Trade in a Small Open Economy," REGION, European Regional Science Association, vol. 11, pages 1-26.
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