Austria is the 21 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Austria averaged 18.54 from 2007 until 2019, reaching an all time high of 23 in 2016 and a record low of 14 in 2009. This page provides the latest reported value for - Austria Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Competitiveness Rank - values, historical data and charts - was last updated on June of 2021.

Competitiveness Rank in Austria is expected to reach 22.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Competitiveness Rank is projected to trend around 22.00 in 2021, according to our econometric models.

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Austria Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
21.00 22.00 23.00 14.00 2007 - 2019 Yearly

Austria Business Last Previous Highest Lowest Unit
Manufacturing PMI 66.40 64.70 66.40 31.60 points [+]
Industrial Production 35.90 13.50 35.90 -21.20 percent [+]
Industrial Production Mom 1.70 3.50 8.70 -15.00 percent [+]
Manufacturing Production 41.00 14.00 41.00 -25.30 percent [+]
Capacity Utilization 87.10 82.20 88.90 73.90 percent [+]
New Orders 148.00 157.40 157.40 74.50 points [+]
Car Registrations 36989.00 36492.00 60813.00 10468.00 [+]
Internet Speed 14100.00 13912.44 14100.00 3287.10 KBps [+]
IP Addresses 2593521.00 2644031.00 3091940.00 1375112.00 IP [+]
Mining Production 21.10 15.10 37.70 -28.80 percent [+]
Steel Production 530.00 550.00 734.81 235.00 Thousand Tonnes [+]
Changes In Inventories 1998.80 3107.70 6215.00 915.80 EUR Million [+]
Competitiveness Index 76.61 76.34 76.61 5.08 Points [+]
Competitiveness Rank 21.00 22.00 23.00 14.00 [+]
Business Confidence 14.30 12.30 15.20 -37.80 points [+]
Corruption Index 76.00 77.00 87.00 69.00 Points [+]
Corruption Rank 15.00 12.00 26.00 10.00 [+]
Ease of Doing Business 27.00 26.00 32.00 18.00 [+]
Electricity Production 5138.11 5240.05 6828.00 4275.00 Gigawatt-hour [+]


Austria Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.