Austria is one of the smaller EU Member States accounting for less than 1.7% of the population of the EU-27. The country belongs to the richest EU Member States, with a GDP per capita of €36,400 in 2012. Also the economic development of Austria in the last three years was constantly above the EU average.
Profile developed by: Centre for Social Innovation (ZSI), Austria (data as at 2013). To submit comments and/or requests for corrections, write to email@example.com.
At the R&D input side, Austria belongs to the EU countries with the highest GERD/GDP rate, which is 2.84% (estimate) in 2012. This constitutes a weak increase relative to 2011 (2.77%). The financial and economic crisis and the resulting requirements for consolidation of the public budgets revealed structural deficits which were previously covered under the fire signal of growing R&D expenditures in the years before. Pressured by the need to consolidate the public household, R&D policy since 2009 focuses on increasing the efficiency of the system (or of its core elements) rather than on the expansion of input-sided measures.
In order to reduce the yearly overall public household deficit to 2.3% in 2013 (estimated deficit in 2012: 3.2%), a cost saving package became effective in February 2012. Education, R&D and innovation are considered priority policy fields that are least impacted by consolidation measures.