The economic performance of Lower Austria

Lower Austria is leading economic performer among the regions in Europe.

Besides being recognized as a high-tech location, it is strong in exports and innovation and has an excellent research infrastructure.

With the Lower Austrian economic strategy and the associated instruments and measures of the department of economics, we have created a solid basis for the development and competitiveness of the Lower Austrian economy in order to strengthen the economic location, to support further development and attract companies.

The economic strategy of the province of Lower Austria serves as a foundation for the activities and measures of the business areas of the Lower Austrian Ministry of Economic Affairs. These include in particular: the Department of Economics, Tourism, and Technology of the Office of the Provincial Government of Lower Austria, the Business Agency of Lower Austria ecoplus Niederösterreichs Wirtschaftsagentur GmbH, Regional Innovations and Start-Up Centers of Lower Austria RIZ Regionale Innovationszentren Niederösterreich GmbH, the official tourism and marketing organization of Lower Austria Niederösterreich Werbung GmbH, the financing pillar N.vest and its downstream subsidiaries NÖBEG, tecnet and accent.

The strategy also serves as a template for the numerous cooperative projects with intermediaries, for example the Technology and Innovation Partners (TIP) with the Chamber of Commerce of Lower Austria or the industrial policy action program with the Federation of Austrian Industry Lower Austria.

MARGINALIE: Economic Growth 2016 in Lower Austria: 1,5%
Growth rates of the real Gross Value Added ⁴⁾  and the real GDP ^{4) 5)}
Changes in comparison with the previous year, in %)

	2014	2015	2016	2017	2018
GRP/GDP (Gross Regional Product/Gross Domestic Product)
Gross Regional Product Lower Austria (Economica/IHS)	+0,9	+1,1	+1,5	+1,7	+1,5
Gross Domestic Product Austria (IHS)	+0,6	+1,0	+1,5	+1,7	+1,5
Gross Domestic Product Austria (WIFO)	+0,6	+1,0	+1,5	+2,0	+1,8
GVA (Gross Value Added)
Economic Sectors Lower Austria (Economia/HIS)	+1,0	+1,0	+1,5	+1,7	+1,5
Economic Sectors Austria (Statistic Austria and WIFO)	+0,7	+0,8	+1,4	+2,0	+1,9

Downloads

• Download: Economic Strategy Lower Austria 2020 (pdf, 3.2 MB)