Austria ranks among the first 50 markets in the world and the top 20 in Europe for number of active companies with around 1,224,000 businesses.
Economically speaking, the market has not been growing exponentially from year to year, nor it has been experiencing major declines. For this reason, Austria’s market can be defined stable, with a GDP that has always been positive over the years and with main indicators showing a constant growth between 4% and 1.5%.
From this graphic which shows the market segmentation, we can establish that the Administrative and Support and Waste Management and Remediation Services is the first sector in the country, representing 20,11% of the market.
In the second and third position for number of active companies we find the Professional, Scientific, and Technical Services and the Retail Trade representing 13,05% and 13,03% of the market, respectively.
The Administrative and Support and Waste Management and Remediation Services sector comprises establishments performing routine support activities for the day-to-day operations of other organizations. These essential activities are often undertaken in-house by establishments in many sectors of the economy. The establishments in this sector specialize in one or more of these support activities and provide these services to clients in a variety of industries and, in some cases, to households.
The Professional, Scientific, and Technical Services sector comprises establishments that specialize in performing professional, scientific, and technical activities for others. These activities require a high degree of expertise and training. The establishments in this sector specialize according to expertise and provide these services to clients in a variety of industries and, in some cases, to households.
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.
Based on what has been said, Austria, among the many European nations, is particularly attractive, plenty of opportunities in different sectors with a great potential for foreign investments. Considering the above and given the stability of the market it may be interesting to carry out an in-depth analysis to find new long-term strategic partnerships.