Economic Policy in Austria

The EU single market, introduction of a common currency, expansion of the European Union (EU), increasing internationalisation of the economy and rapid structural change have dominated and fundamentally changed the Austrian economic policy framework and opportunities for action in previous years.

Fiscal and structural policy are coordinated across the EU, but nevertheless remain to a great extent the responsibility of individual states. These two areas - together with European monetary policy - are critically important for ensuring growth, employment and competitiveness. 

  • General Information

    Fiscal policy concerns national budget policy measures aimed at influencing aggregate demand or individual components of this demand. read more

  • Current Economic Data - Austria

    Important Austrian economic indicators have been collected in a table for informational purposes and are updated regularly. The table contains economic development indicators (e.g. production, foreign trade, labour market, financial sector). read more

  • Austrian Stability Programme

    In line with Regulation (EC) No 1466/97, amended by Regulation (EU) No 1175/2011, euro area Member States are required to submit a Stability Programme each year, while other EU Member States must submit a Convergence Programme. read more

  • Austrian Draft Budgetary Plan

    In accordance with Article 4(2) of Regulation (EU) 473/2013, “draft budgetary plans” must be prepared each year by 15 October. These documents should contain the Central Government`s draft budget for the for the coming year as well as the main parameters of the draft budgets for all the other subsectors of the General Government. They must  be made public and, according to Article 6 of the said Regulation, be submitted to the European Commission and the Eurogroup. read more

  • National Reform Programme

    The Europe 2020 strategy was adopted by the European Council on 17 June 2010. Its objective is to promote employment and smart, sustainable, inclusive growth. The progress achieved by Member States must be reported in National Reform Programmes (NRP) each year. read more

  • Austrian Economic Report

    The Austrian Economic Report is coordinated by the Federal Ministry of Science, Research and Economy and prepared each year in collaboration with all of the federal ministries. It provides an overview of economic development, and the future goals and past priorities of the economic policy activities of the federal government. read more

  • Long-term Economic Challenges and Financial Effects of Population Ageing on Pensions, Healthcare and Old-Age Care

    The structure of the Austrian population will a lot in coming decades. The so-called baby-boomer generation will leave the labour market. At the same time, however, the birth rate will remain low and life expectancy will continue to rise. As a result, the number of people aged 65 and over will almost double between now and 2060, while the potential labour force (ages 15 to 64) decreases over the same period. read more