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City Review

Vienna City Review

Oct 2017

US$725

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About This Report

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If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Mercer's Quality of Living Survey (2017) revealed that Vienna was the most liveable city in the world for the eighth year in a row. The city is an economic powerhouse of the country, accounting for 35% of the national population and 37% of GDP in 2016. In fact, given its prominent location at the heart of Europe, Vienna is widely open to international organisations, foreign investors, entrepreneurs and tourists alike. In turn, Vienna is famous for its business-friendly environment.

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Overview

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VIENNA HIGHLIGHTS

Vienna gains its economic strength from being a major centre of activities in the country, with a knowledge-based industrial composition and well-developed infrastructure. The great availability of highly skilled labour and scientific know-how reflects its above-average labour productivity (or GVA per employee) which came out 22% higher compared with the rest of the country in 2016.

Positive effect of higher labour productivity on income is offset by demographic factors

However, the positive effect of higher labour productivity on household earnings in Vienna is offset by demographic factors. A lower labour force participation rate, along with a smaller average household size in the city, pull down per household disposable income, which was only 0.9% higher than in the rest of Austria in 2016.

Greater consumer spending

Spending per household (excluding transport and housing) was 11% higher in Vienna than in the rest of the country in 2016. Vienna featured relatively high consumer spending on recreation and culture as well as hotels and restaurants in 2016. This came as little surprise considering Vienna was among the 10 most popular tourist destinations in Europe in terms of total number of international bed nights in 2016.

Affordable city to live in

In terms of city affordability, Vienna is well placed in Austria. Expenditure on housing and transport per household was 17% lower in the city than elsewhere in the country in 2016. Low housing expenses play a particularly important role in reducing the cost of living in the city.

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VIENNA REVIEW AT A GLANCE

Understanding Vienna Review structure

Chart 1 Overview

Key facts on Vienna

Summary 1 Key Facts On Vienna 2011, 2016, 2021

VIENNA HIGHLIGHTS

History

Delimitation of the metropolitan region

Chart 2 Map Of Vienna Metropolitan Area

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Chart 3 Industrial Composition Of Vienna 2016
Chart 4 Labour Productivity: Selected Cities 2016

Recent developments and outlook

Chart 5 Dynamics Of Real GDP In Vienna, Austria And Other Cities In Western Europe, 2011-2021
Summary 2 Labour Market Changes In Vienna 2011, 2016

CONSUMER PROFILE

City demographics

Chart 6 Population By Age 2016
Chart 7 Drivers Of Population Growth In Vienna 2011-2016

Household income

Chart 8 Household Distribution By Income In Vienna 2016 And 2021

CONSUMER EXPENDITURE

Structure of household budget

Chart 9 Comparison Of Household Expenditure In Vienna And Austria, 2016
Summary 3 Vienna Household Budget Structure By Consumer Expenditure Item, % of total, 2011, 2016, 2021

City lifestyle

Overtourism: A Stimulus For Hotel Market Investments
A City To Enjoy On Two Wheels

City affordability

Housing
Chart 10 Household Expenditure On Housing: Selected Cities 2016
Transport
Chart 11 Household Expenditure On Transport: Selected Cities 2016

DEFINITIONS

APPENDIX

Summary 4 GDP Development, 2011, 2016, 2021
Summary 5 GDP By Origin, Current Prices, US$, Million, 2011-2016
Summary 6 Population And Labour Force, 2011-2016
Summary 7 Employed Population By Economic Sector, % of total, 2011-2016
Summary 8 Population By Sex And Broad Age Groups, ‘000, 2011-2016
Summary 9 Population Growth, 2011-2016
Summary 10 Forecast Population Growth
Summary 11 Population By Educational Attainment, 2011-2016
Summary 12 Structure Of Consumer Expenditure By Main Category, 2011-2016
Summary 13 Consumer Expenditure By Main Category, Per Household, Constant (2016) Prices, US$, 2011, 2016, 2021
Summary 14 Households By Income Band, % Of Total, Constant (2016) Prices 2011, 2016, 2021
Summary 15 Households By Income Band, ‘000, Current Prices 2011-2016
Summary 16 Inflation, 2011-2016
Summary 17 Transport Indicators, 2011-2016
Summary 18 Air Pollution, Concentration In Micrograms Per Cubic Metre, 2011-2016
Summary 19 Possession of Consumer Durables, % of Households, 2011, 2016, 2021

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Overview

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VIENNA HIGHLIGHTS

Positive effect of higher labour productivity on income is offset by demographic factors

Greater consumer spending

Affordable city to live in

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Table of Contents

VIENNA REVIEW AT A GLANCE

Understanding Vienna Review structure

Key facts on Vienna

VIENNA HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

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Megatrends

City Review

Vienna City Review

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

VIENNA HIGHLIGHTS

Positive effect of higher labour productivity on income is offset by demographic factors

Greater consumer spending

Affordable city to live in

Want to find out more about this report?

Table of Contents

VIENNA REVIEW AT A GLANCE

Understanding Vienna Review structure

Key facts on Vienna

VIENNA HIGHLIGHTS

History

Delimitation of the metropolitan region

Main business districts

ECONOMY OF THE CITY

Industrial make-up

Recent developments and outlook

CONSUMER PROFILE

City demographics

Household income

CONSUMER EXPENDITURE

Structure of household budget

City lifestyle

City affordability

DEFINITIONS

APPENDIX

Why buy this report?

Want to find out more about this report?

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