Bei dem Traditionsunternehmen Pollmann in Karlstein in der Fertigungshalle mit Personen bei der Arbeit
All benefits at a glance

Lower Austria - an innovative business location

As the Business Agency of Lower Austria, we play a central part for the largest province of Austria. Surrounded by high-growth markets in Central and Eastern Europe and supported by strong networking with the economic region of Vienna, our location offers unbeatable geographic advantages. These advantages and the political stability create a unique, investment friendly climate – which makes Lower Austria one of the top places to do business in Europe. Lower Austria's economy scores with an outstanding growth rates, a pronounced export orientation, a focus on technology and innovation, and an exceptional number of startups

10 good reasons for the business location Lower Austria

Grafik Säulendiagramm mit aufsteigender Tendenz
An international comparison shows the power of the Lower Austrian economy: Its economic performance of around 65 bn € makes it stronger than Croatia’s (57 bn €), Serbia`s (53 bn €) or Slowenia`s (52 bn €). For instance Lower Austria’s economy has grown by 93,9 % since 2000.
High-growth economic power, source: Austrian Economic Chambers/ Government of Lower Austria, Jan. 2023
Austrian Economic Chambers
Grafik mit Gewicht und 31 %
Industry accounts for about one third of our economic output (31 %). Around 180,000 people are employed in the manufacturing sector in 2022.
Strong industry, source: Federation of Austrian Industry, Lower Austria, 2022
Federation of Austrian Industry, Lower Austria
Grafik Firmengebäude
High-tech businesses, logistics companies, and auto suppliers are located here. Diversity is one of the strength of the location. In addition, the local economy has a very wide base: 99.7% of the businesses in 2022 are SPEs and SMEs.
Diversity of businesses, source: BMWA KMU im Fokus 2022
Austrian Economic Chambers
Grafik mit vielen Strichmännchen
In 2022, 6,549 new businesses were created in Lower Austria, the second highest number of start-ups since 1993. Almost every fifth company in Austria is founded in Lower Austria, and most of them, namely 56%, are set up by women.
Good soil for founders, source: WK NÖ January 2023
Austrian Economic Chambers
Grafik mit Gehirn und weiteren Verästelungen bzw. Synapsen
The need for skilled employees is a challenge all across Europe. With 15 universities (applied and private), Lower Austria has a a solid basis to educate a high-skilled future workforce. There are more than 16.500 apprentices currently in training at local businesses. In the IMD World Talent Ranking, Austria came in 8th place in 2022.
Lower Austrian Brain Power, source: WK NÖ May 2023, IMD World Competitiveness ranking 2022, NÖ GV July 2023
Grafik Papierflieger
Whether in the air, on the road, by rail or on water: Lower Austria has an outstanding transportation routes infrastructure. In 2023, Austria ranked 7th worldwide in the World Bank’s »Logistics Performance Index« ranking.
Top infrastructure, Quelle: The World Bank 2023
The World Bank
Grafik Digitalisierung
Lower Austria is creating an environment, which includes the realized »House of Digitalization« in Tulln, for companies to develop excellently in the digital economy. More than 40 degree programs at Lower Austria`s Universites for applied sciences in St. Pölten, Krems, Wiener Neustadt, the Porsche Fern FH and the News Design University have a strong digitalization focus.
The home of digitalization, source: Digi-Report 2022 Lower Austria
Digitalization Strategy Lower Austria
Grafik Mikroskop
Research-oriented companies are well situated in Lower Austria. Austria is in seventh place worldwide in terms of ›quota of inventors‹ measured by the number of registered patents per inhabitant, which were 256 patents per million inhabitants in 2022.
High potentials: land of researchers, source: Science APA 2022
European Patent Office
Grafik Siegel #1
In 2022, Austria continues to occupy top positions in the worldwide »Quality of Life« ranking - Lower Austria is an important part of that success. Also in terms of healthcare infrastructure, according to the IMD ranking and OECD reports we are way ahead.
A country worth living, source: IMD World Competitiveness ranking 2022
Grafik Magnet mit Anziehungskraft
Lower Austria is clearly ahead of Sweden (5) and Norway (3) in the Hidden Champions ranking (15 per million inhabitants). Hidden champions are the market pioneers in their niche. They are magnets for investors. Because investors are looking for partners in the development or production of new goods or services.
Hidden champions are investor magnets, source: Simon Kucher & Partners
Simon Kucher & Partners

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economic data Lower Austria

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Invest in Lower Austria

A fast-motion movie with a journey through the business location Lower Austria

Lower Austria – Facts & Figures in Brief

  • 19.177 km² area
  • 5 regions
  • 20 political districts
  • 1.62 million inhabitants
  • 573 municipalities
  • 4 statutory cities