Austria's economy recorded a historic decline in economic output of 6.7% in the pandemic year 2020. The COVID-19 crisis therefore hit the Austrian economy harder than the financial crisis of 2009 (‑3.8%). According to currently available information, the decline in Germany, the most important trading partner, was far less pronounced with a minus of 4.6%. In the European Union, Gross Domestic Product (GDP) fell by 5.9% according to preliminary calculations.
According to preliminary results, 20.66 million nights spent in Austrian accommodation establishments were reported for August 2021. Compared to August 2020, nights spent by resident guests decreased by 7.2% to 6.18 million, while overnight stays of foreign guests increased by 27.8% to 14.48 million. The strongest foreign market of origin in August 2021 was Germany (9.6 million; +21.1%), followed by the Netherlands (1.76 million; +49.4%) and Italy (0.44 million; +20.1%).
The monthly issued publication presents the latest results from all areas of official statistics and provides important basic information on the economy and society in Austria. As many of our subscribers are currently working from home, Statistics Austria decided to make the latest issue available as a free download.
Download: Statistische Nachrichten 9/2021 (PDF; 2 MB)
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