World Economic Forum: Austrian Competitiveness Moves Up

PoliticsInternational ♦ Published: September 5, 2012; 17:29 ♦ (Vindobona)

In the World Economic Forum Competitiveness Ranking, Austria ranks 16th and could move up three places. The public debt quota, the tax quota and the investor protection are the main weaknesses of Austria.

World Economic Forum: Austrian Competitiveness Moves Up / Picture: © Vindobona.org

According to WEF, Austria´s competitiveness is on the rise. Among 144 observed countries, Austria ranks 16th. Four years ago, Austria ranked 19th. The ranking is led by Switzerland, Singapore and Finland.

The ranking analyzes twelve indicators regarding the framework requirements for the economy, the development of the financial market and the…