Austria vs Germany development indicators, 2024

Indicator	Austria, Value	Germany, Value	Austria, Rank	Germany, Rank	Austria as % of Germany
Current account balance (% of GDP)	2.42	5.73	36	18	42.3 %
Exports of goods and services (% of GDP)	56.9	42.1	31	53	135 %
Foreign direct investment, net inflows (% of GDP)	1.78	1.02	62	73	175 %
GDP per capita (current US$)	56,833	55,800	15	17	102 %
GDP per capita, PPP (current international US$)	71,618	72,300	20	18	99.1 %
Imports of goods and services (% of GDP)	53.6	38.2	48	75	140 %
Individuals using the Internet (% of population)	94.9	93.5	4	5	101 %
Inflation, consumer prices (annual %)	2.94	2.26	82	103	130 %
Net migration	8,813	36,954	47	29	23.8 %
Population, total	9,178,482	83,510,950	98	19	11 %

Demography and Health

Austria and Germany exhibit similar demographic trends, with Austria showing a slightly higher birth rate at 8.5 per 1,000 people compared to Germany's 8.3. Both countries face challenges with death rates, with Austria at 9.8 and Germany at 12.3, which ranks Germany significantly higher in mortality concerns. Life expectancy is slightly better in Austria, standing at 81.5 years compared to Germany's 80.5 years. Furthermore, Austria performs better in child health, with a lower under-five mortality rate of 3.1 compared to Germany's 3.7. Both countries report a poverty headcount ratio of 14.8%, indicating similar levels of poverty, and have a prevalence of undernourishment of 2.5%. Austria's healthcare expenditure as a percentage of GDP is at 10.9%, while Germany exceeds this at 11.8%, reflecting differing governmental priorities in health spending.

Economy

Austria's economy appears robust with a GDP per capita of $56,833 compared to Germany's $55,800, placing Austria 19th and Germany 22nd globally. The GDP per capita based on purchasing power parity (PPP) reflects a more nuanced evaluation, with Austria at $71,618 versus Germany's $72,300, indicating Germany's slight edge in economic standards adjusted for cost of living. Exports as a percentage of GDP show Austria at a significant 56.9%, outperforming Germany's 42.1%, suggesting a strong export-driven economy. Conversely, Austria's import percentage is higher at 53.6% compared to Germany's 38.2%. The inflation rate is slightly higher in Austria at 2.9% compared to Germany’s 2.3%. This economic data indicates that Austria has a more export-focused economy but also faces higher inflation pressures.

Trade and Investment

The foreign direct investment (FDI) inflows show that Austria has a relatively small net inflow at 1.8% of GDP in contrast to Germany’s 1%. Austria ranks lower (79) compared to Germany (85) on FDI, indicating a potential concern in attracting foreign capital. Current account balance as a percentage of GDP is also positive for both countries, with Austria at 2.4% against Germany’s stronger 5.7%. High-technology exports highlight a significant difference, with Austria exporting $27.3 billion compared to Germany’s impressive $255.7 billion, which is indicative of Germany's dominant position in technology exports.

Governance and Institutions

In terms of governance, Austria demonstrates a comparatively strong control of corruption index at 1.1 against Germany's 1.7, highlighting a better perception of governmental integrity. Additionally, Austria has a government effectiveness score of 1.3, slightly above Germany’s 1.2, reflecting a more effective government functioning in Austria. Political stability and absence of violence are assessed with Austria scoring 0.7 and Germany at 0.6, indicating a marginally more stable situation in Austria. The regulatory quality score of both nations is close, with Austria at 1.4 and Germany at 1.5. The rule of law is another strength for Austria, ranking at 1.7, compared to Germany's 1.6, indicating a possibly stronger judiciary environment in Austria.

Infrastructure and Technology

Austria's logistics performance index scores 3.9, reflecting good quality in trade and transport-related infrastructure, although Germany leads with a score of 4.3, showing better infrastructure development. Individuals using the internet in Austria stands at an impressive 94.9%, surpassing Germany's 93.5%, indicating a more digitally engaged population in Austria. The emphasis on research and development is similar across both nations, with Austria expending 3.2% of its GDP, slightly ahead of Germany's 3.1%, suggesting a concerted effort in innovation and technological advancement in both countries, though Austria seems to prioritize this slightly more.

Environment and Sustainability

Austria excels substantially in renewable energy consumption, with 36% of its total final energy consumption derived from renewables compared to Germany's 17.6%, placing Austria significantly ahead in terms of commitment to sustainable energy initiatives. In terms of greenhouse gas emissions, both countries are comparable, with Austria emitting 8 tonnes of CO2e per capita, just below Germany's 8.1 tonnes. The level of water stress, which quantifies freshwater withdrawal, is significantly lower in Austria at 8.7% against Germany's concerning 35.4%, indicating Austria’s better management of freshwater resources. Overall, Austria appears more committed to sustainable practices, particularly in renewable energy consumption and water management.