Economic Development in the Austrian Provinces in 2020

23.07.2021

Regional Economic Development in the Wake of the COVID-19 Crisis

The economic slump triggered by the COVID-19 crisis hit the Austrian provinces to varying degrees. This is mainly due to the extent to which individual sectors were affected by the crisis, as well as to differences in the regional economic structure.

Due to their different economic structures, not all Länder were affected by the COVID-19 crisis to the same extent in 2020. According to the latest WIFO flash estimate, gross value added (excluding agriculture and forestry) shrank most in Tyrol (–9.2 percent compared with 2019), Salzburg and Styria (–6.8 percent each) in 2020. Accordingly, the economic slump was weakest in the eastern region (Vienna, Lower Austria, Burgenland; –5.7 percent on average). The western region (Vorarlberg, Tyrol, Salzburg, Upper Austria –7.0 percent) was also hit harder than the south of the country (Styria, Carinthia –6.4 percent).
  

Publications

WIFO-Monatsberichte, 2021, 94(6), pp.433-450
Online since: 30.06.2021 0:00
 
Der durch die COVID-19-Pandemie ausgelöste Wirtschaftseinbruch traf die österreichischen Bundesländer unterschiedlich hart. Das ist vor allem der unterschiedlichen Krisenbetroffenheit der einzelnen Branchen und Unterschieden in der regionalen Wirtschaftsstruktur geschuldet. Neben dem Tourismus verzeichneten weite Teile des (Einzel )Handels und der nicht wissensintensiven Marktdienstleistungen besonders kräftige Einbußen, aber auch die Sachgütererzeugung litt unter Absatzrückgängen im In- und Ausland. Die Wertschöpfungs- und Beschäftigungsverluste waren in der Ostregion (Wien, Niederösterreich, Burgenland) am geringsten. Zugleich fiel dort der Anstieg der Arbeitslosigkeit am schwächsten aus.
Please contact

Julia Bachtrögler-Unger, PhD

Research groups: Structural Change and Regional Development

Sabine Ehn-Fragner

Research groups: Structural Change and Regional Development

Matthias Firgo

Research groups: Structural Change and Regional Development

Oliver Fritz

Research groups: Structural Change and Regional Development

Peter Huber

Research groups: Structural Change and Regional Development

Michael Klien

Research groups: Structural Change and Regional Development

Gerhard Streicher

Research groups: Structural Change and Regional Development
© Dimitry Anikin/Unsplash
© Dimitry Anikin/Unsplash