Austria vs Portugal development indicators, 2024

Demography and Health

Austria's demographic indicators reflect a stabilizing population with a crude birth rate of 8.5 per 1,000 people as compared to Portugal's 8.1. However, Portugal enjoys a higher life expectancy at birth (82.3 years) over Austria (81.5 years). The death rate also shows a disparity, with Austria reporting 9.8 per 1,000 while Portugal's figure stands at 11.2. Interestingly, under-5 mortality rates are quite similar, with Austria at 3.1 and Portugal at 3.2 per 1,000 live births, indicating efficient healthcare systems in both countries. Austria faces a net migration of 8,813 people, whereas Portugal sees a higher net migration of 20,648, which might influence its demographic dynamics.

Economy

Austria and Portugal exhibit significant differences in economic strength, particularly in GDP per capita, with Austria achieving $56,833 compared to Portugal's $28,844. This disparity is reflected in the GDP per capita adjusted for purchasing power parity (PPP), where Austria stands at $71,618 and Portugal at $50,617. Exports of goods and services as a percentage of GDP further highlight Austria's economic vitality at 56.9% versus Portugal's 46.5%. Conversely, consumer price inflation shows Austria at 2.9% while Portugal is lower at 2.4%, indicating slight economic stability in Portugal’s consumer market. Unemployment rates are also more favorable in Austria at 5.3%, compared to Portugal's 6.5%.

Trade and Investment

Austria leads in high-technology exports with $27.3 billion compared to Portugal's mere $4.2 billion, reflecting a more advanced technological capacity. The foreign direct investment (FDI) figures point to a contrasting trend: Austria shows a low net inflow of FDI at 1.8% of GDP, whereas Portugal enjoys a more favorable situation at 4.3%. This indicates that Portugal might be more appealing to foreign investors, possibly due to strategic initiatives or market conditions better catering to FDI. Current account balances are relatively close, with Austria at 2.4% of GDP and Portugal at 2.2%.

Governance and Institutions

In terms of governance, Austria demonstrates a stronger performance across several indicators. For instance, the rule of law is significantly better in Austria with a score of 1.7 compared to Portugal's score of 1.1. Additionally, Austria ranks better in government effectiveness (1.3 versus Portugal's 1) and regulatory quality (1.4 compared to Portugal's 0.8). Control of corruption is also more prevalent in Austria, scoring 1.1 as opposed to Portugal's 0.7. On the political stability front, both countries score the same at 0.7, indicating a relatively stable environment for governance.

Infrastructure and Technology

Austria scores better in logistics performance with an index of 3.9 compared to Portugal's 3.6, highlighting a superior quality of trade and transport-related infrastructure. Additionally, Austria invests significantly more in research and development at 3.2% of GDP versus Portugal's 1.7%. This indicates a more focused approach towards innovation and technology advancement in Austria, which could bolster its economic standing in the long run.

Environment and Sustainability

When assessing environmental indicators, Austria shows a commendable commitment to renewable energy with 36% of total final energy consumption stemming from renewable sources, surpassing Portugal’s 32.3%. In terms of greenhouse gas emissions, Austria emits 8 tons of CO2e per capita, which is higher than Portugal's 5 tons, indicating a potential area for improvement in Austria's environmental policies. However, both countries exhibit strong figures regarding the prevalence of undernourishment, aligning at 2.5%. The levels of water stress show Austria in a better position with 8.7% of freshwater withdrawal compared to Portugal's 12.3%, pointing to a more sustainable management of water resources in Austria.