Austria vs Ireland development indicators, 2024

Demography and Health

Austria and Ireland exhibit differing demographic profiles. In terms of birth rates, Ireland has a higher crude birth rate at 10.3 per 1,000 people compared to Austria's 8.5, ranking Ireland 13th and Austria 50th globally. Conversely, the death rate in Austria stands at 9.8 per 1,000, significantly higher than Ireland’s rate of 6.6, placing Austria 54th and Ireland 80th. Life expectancy is another health indicator where both countries perform well, with Ireland leading at 82.9 years compared to Austria's 81.5 years, ranking them 12th and 34th respectively. However, Austria has a better score in the mortality rate of children under five, with 3.1 per 1,000 live births against Ireland's 3.8 per 1,000. Additionally, the net migration rate is notably higher in Ireland, with 39,059 compared to Austria's 8,813, reflecting Ireland's robust appeal for migrants.

Economy

In economic terms, Ireland shows superior performance with a GDP per capita of $107,316, leaving Austria's $56,833 significantly lower. When adjusting for purchasing power parity (PPP), Ireland also leads with $131,175 against Austria's $71,618. Both countries are heavily reliant on exports, with Austria's exports of goods and services constituting 56.9% of GDP while Ireland’s soar to an extraordinary 148%, indicating a strong export-oriented economy. On imports, Austria is less reliant at 53.6% of GDP compared to Ireland's 105%, showing Ireland's integration in global markets. The inflation rate is slightly lower in Ireland at 2.1% against Austria’s 2.9%, which indicates a stable price environment there.

Trade and Investment

Regarding trade and investment, Austria’s high-technology exports amounted to $27.3 billion, whereas Ireland significantly outpaces this with $91.4 billion, indicating Ireland’s leadership in high-tech sectors. Furthermore, Austria ranks 66th and Ireland 5th in terms of exports of goods and services as a percentage of GDP, underscoring Ireland's extensive trading activities. The logistics performance index indicates Austria’s superior logistics quality at 3.9, ranked 7th, compared to Ireland’s 3.5, ranked 16th. This quality in infrastructure can be attractive for investments.

Governance and Institutions

In governance measures, Ireland tends to score better in indices such as Control of Corruption, Government Effectiveness, and Regulatory Quality. Austria has scores of 1.1, 1.3, and 1.4 respectively, while Ireland’s scores are 1.6 across these measures, indicating not only a stronger government presence but also a perceived efficiency in public administration. Political stability is also higher in Ireland with a score of 0.9, compared to Austria's 0.7, reflecting a more secure environment for making long-term investments. Nonetheless, Austria leads in Rule of Law with a score of 1.7 against Ireland’s 1.6.

Infrastructure and Technology

In terms of infrastructure, Austria demonstrates a stronger position, especially in the realm of logistics performance indices, coming in at 3.9 compared to Ireland’s 3.5. This supports more efficient trade and transport-related activities within Austria. Infrastructure quality typically translates to better overall business conditions and enhances investment appeal. Also, Austria invests more in research and development, allocating 3.2% of its GDP, while Ireland only invests 1%, indicating a commitment to fostering innovation and technological advancement, which might drive future growth.

Environment and Sustainability

On environmental and sustainability fronts, Austria is markedly ahead in renewable energy consumption, with 36% compared to Ireland’s 12.7%. This not only addresses climate change concerns but also denotes a prioritization of sustainable energy in Austria's policy framework. However, both countries have a similar prevalence of undernourishment at 2.5% of the population, a positive indicator regarding food security. In terms of greenhouse gas emissions per capita, Ireland emits more at 10.9 metric tons compared to Austria's 8 metric tons, suggesting a need for Ireland to adopt more aggressive measures in reducing emissions. Nonetheless, water stress indicators show Austria in a better position, utilizing only 8.7% of its freshwater resources versus Ireland’s 22.2%.