Press release: 12.389
Regional economic growth 2019 was strongest in Styria and weakest in Carinthia
Production sector drives growth in Styria and in Austria's western regions
The highest real growth in 2019 was recorded in Styria (2.0%). The region's production sector expanded by 3.8%, which was more than in any other region. While the manufacturing industry's growth slowed down across Austria, it was still robust in Styria. The production sector was also crucial for above-average GRP growth in Tyrol, Vorarlberg, and Salzburg. In Tyrol, the construction industry's strong growth stood out, while growth in Vorarlberg and Salzburg was boosted by manufacturing.
In contrast to the previous year's high growth, Carinthia's GRP increased by only 0.8% in 2019, recording the smallest growth among the nine federal states (Länder). Its important manufacturing industry showed no signs of growth, and its service sector merely grew by 0.7%. In Lower Austria, where the major industries either stagnated or only grew moderately, real GRP growth was at 0.9%.
Both Burgenland and Upper Austria recorded above-average GRP growth at 1.6% and 1.5%, respectively. In Upper Austria, the most industrial of Austria's Länder, growth was led by the service sector in 2019. In Burgenland, the declines in the agricultural sector and in manufacturing were offset by strong growth of the construction industry.
Below-average economic growth, but strong employment growth in Vienna
Real growth of Vienna's GRP was below average, at 1.2%. The capital recorded the strongest service sector growth at 1.8%, well above the Austrian average of 1.4%, but also a significant decline in manufacturing. Employment growth in Vienna was the highest in Austria, at 1.8%. Of the 20 100 jobs added, 17 300 can be attributed to the service sector. Employment growth in the other regions was more reflective of the slowing economic growth.
While Austrian GDP per capita increased by 1.0% in real terms, the growth rates of GRP per capita ranged from 0.5% in Lower Austria to 1.7% in Styria. Its highest nominal values were recorded in Salzburg (€53 600) and Vienna (€52 700), while the eastern and southern regions remained below the Austrian average of €44 800.
Highest disposable income per capita in Vorarlberg
As in the previous years, households in Vorarlberg had the highest disposable income per capita, at €25 200 (see table 2). Lower Austria (€25 100), Burgenland (€24 800), Salzburg (€24 700), and Upper Austria (€24 500) also recorded a disposable income per capita above the Austrian average of €24 000. Vienna's households' disposable income remained the lowest, at €22 500. However, in contrast to previous years it showed above average growth in 2019. In line with the strong jobs growth in the capital, the increases of both compensation of employees and mixed income were clearly above the Austrian average. In contrast to GRP, which relates to the place of work, disposable income is assigned to the place of residence.
For further information concerning Regional Accounts and for 2018 results on NUTS level 3 please refer to our website.
on methods, definitions: Regional Accounts are issued annually
and provide data for major economic aggregates. Data are compiled for
NUTS 2 regions (in Austria: Länder) and NUTS 3 regions (further information
on our website).
Regional Accounts data correspond to the concepts of the European System
of Accounts 2010 (ESA 2010).
Gross Regional Product (GRP) is the regional equivalent of Gross Domestic Product (GDP). Regarding GRP per capita, attention should be paid to the fact that GRP relates to the place of work, whereas the population figures used to calculate GRP per capita relate to the place of residence; i.e. transregional commuter movements are not taken into account.
Total employment comprises employees and self-employed. Regional classification of employment is made according to the place of work.
Disposable income is the balancing item of the secondary distribution of income account which records redistribution of primary income through current transfers (taxes on income and wealth, social contributions and benefits, other current transfers). In contrast to GRP, disposable income is allocated to the place of residence.
For further inquiries please contact Directorate
Macro-economic Statistics, Statistics Austria:
Christian LEUPOLD, Tel.
Media owner, producer and publisher:
STATISTICS AUSTRIA, Federal Institution under Public Law
1110 Vienna, Austria, Guglgasse 13, Tel.:
© STATISTICS AUSTRIA
© STATISTICS AUSTRIA, Last Changed 04.12.2020