40
November, 2020
Austria
Global:
36
Availability:
25
Cost:
72
Regulation:
8
Productivity:
66
2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 40)
Region:
22
Availability:
16
Cost:
38
Regulation:
6
Productivity:
34
Remote
Readiness
13
Remote
Readiness
22
Approximately $36.6 billion USD has been used in response to Covid-19. Financial measures that have been
implemented include:
Short term working enabling the employer to reduce work hours with the government subsidizing wages
Tax relief for impacted sectors
Incentives to hire apprentices
Stimulus package for unemployed and families
Deferral and reduction of some taxes
https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19
Borders are closed to all countries outside of
the EU with the exception of the UK and
Switzerland. Depending on the country of
origin, a Covid-19 negative test result and a
quarantine period may be required.
Restrictions are in place with some non-
essential shops and services closed.
8.5%
4.7%
0%
20%
Austria Regional Ave.
%
of
GDP
Austria
Q4 2019* Q4 2020*
% Change
YOY
Total Workforce
4.55M 4.12M -9.3%
Unemployment Rate (%) 7.0% 8.7% +24%
Unemployed Workers 318K 359K +13%
Manpower 2020 Total Workforce Index
Workforce Statistics
Covid-19 Situation
Covid-19 Government Spend as % of GDP Border Closures and Restrictions
Additional Government Spending and Foregone Revenue to September 2020
Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis)
*Reported figures at Q4 each year
https://covid19.who.int/
https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in-
Response-to-COVID-19
Other Sources:
https://data.worldbank.org/
https://ilostat.ilo.org/
https://home.kpmg/xx/en/home/insights/
https://www.gov.uk/foreign-travel-advice
United States Embassy
https://tradingeconomics.com/
http://www.statistik.at/web_en/publications
