Austria Austria vs Denmark Denmark development indicators, 2024

Indicator
Austria
Austria, Value
Denmark
Denmark, Value
Austria
Austria, Rank
Denmark
Denmark, Rank
Austria Austria as % of
Denmark Denmark
Current account balance (% of GDP) 2.42 13 36 8 18.6 %
Exports of goods and services (% of GDP) 56.9 69.7 31 24 81.6 %
Foreign direct investment, net inflows (% of GDP) 1.78 4.21 62 26 42.3 %
GDP per capita (current US$) 56,833 71,852 15 11 79.1 %
GDP per capita, PPP (current international US$) 71,618 79,514 20 13 90.1 %
Imports of goods and services (% of GDP) 53.6 58.9 48 36 91 %
Individuals using the Internet (% of population) 94.9 99.8 4 1 95.1 %
Inflation, consumer prices (annual %) 2.94 1.37 82 129 214 %
Net migration 8,813 25,639 47 34 34.4 %
Population, total 9,178,482 5,976,992 98 114 154 %

Demography and Health

Both Austria and Denmark have comparable health indicators, with life expectancy at birth slightly favoring Denmark at 81.9 years compared to Austria's 81.5 years. The crude birth rate in Denmark (9.7 per 1,000 people) is higher than Austria’s (8.5 per 1,000 people), contributing to its slightly larger population of 6 million compared to Austria's 9.2 million. The death rate is identical at 9.8 per 1,000 for both countries. In terms of health expenditure, Austria's current health expenditure at 10.9% of GDP exceeds Denmark's 9.4%. However, Denmark's domestic general government health expenditure per capita is marginally higher at $6,233 compared to Austria's $6,178. The under-5 mortality rate is also slightly higher in Denmark at 3.4 per 1,000 live births compared to Austria's 3.1, indicating a marginally better outcome for children in Austria.

Economy

Denmark outperforms Austria in several economic indicators. The GDP per capita in Denmark reaches $71,852, significantly higher than Austria's $56,833. Similarly, in terms of GDP per capita based on purchasing power parity (PPP), Denmark stands at $79,514 compared to Austria's $71,618. Denmark's economy boasts higher exports of goods and services as a percentage of GDP (69.7%) versus Austria's (56.9%), indicating a more export-oriented economy. Furthermore, Denmark has a lower inflation rate at 1.4% compared to Austria's 2.9%. However, Austria sees better performance in innovation-related metrics, such as patent applications, where it ranks higher (1,872 applications) than Denmark's 1,090 applications.

Trade and Investment

Denmark shows greater strength in foreign direct investment (FDI), attracting 4.2% of GDP compared to Austria's 1.8%. This indicates a more favorable environment for foreign investors in Denmark. Denmark’s current account balance is also healthier at 13% of GDP, compared to Austria's 2.4%, suggesting stronger external financial management. Conversely, Austria's imports of goods and services account for 53.6% of GDP, slightly lower than Denmark's 58.9%. In high-technology exports, Austria leads with $27.3 billion, significantly outpacing Denmark’s $16.1 billion.

Governance and Institutions

In terms of governance, Denmark ranks higher than Austria across various indicators. The Control of Corruption index shows Denmark at 2.4 compared to Austria’s 1.1, indicating lower perceived corruption. The effectiveness of government is similarly higher in Denmark (2.0) against Austria’s 1.3. Regulatory quality and rule of law also favor Denmark, where it holds ranks 5 and 4 respectively compared to Austria's ranks of 26 and 11. Moreover, Denmark exhibits greater political stability with a score of 0.9 against Austria's 0.7. This stable governance framework fosters a favorable business environment.

Infrastructure and Technology

Denmark leads in logistics performance index at 4.1, signifying better quality in trade and transport-related infrastructure compared to Austria's score of 3.9. In technology, the internet usage rate is strikingly high in Denmark at 99.8%, while Austria follows with 94.9%. This indicator emphasizes Denmark’s success in digital connectivity and access. Additionally, both nations invest heavily in research and development, with Austria spending 3.2% of its GDP compared to Denmark's 2.9%, which supports the notion that Austria is more focused on innovation-driven growth.

Environment and Sustainability

Denmark excels in environmental goals, as exemplified by its renewable energy consumption rate of 39.5%, higher than Austria’s 36%. On the greenhouse gas emissions front, Denmark's per capita emissions are lower at 7 tonnes of CO2e compared to Austria’s 8 tonnes, reflecting superior efficiency in carbon management. However, both countries have the same rate of undernourishment at 2.5%, indicating successful food security measures. Yet, Austria manages to keep water stress lower at 8.7% of freshwater withdrawal in comparison to Denmark's 26.4%, showcasing better management of its freshwater resources.