Carinthia is famous for setting up new businesses: for every 1,000 people, 4.8 new companies are set up (average number in Austria: 4.6).
The average (gross) monthly income was € 2.720 in 2020 (WIBIS 2020).
In 2021, Carinthia recorded an immigration of 6,949 and an emigration of 6,678 persons with Austrian residence.
7,954 people moved to Carinthia from abroad. 3,912 Carinthians emigrated. (Statistik Austria)
Research & Development
Carinthia’s research community focuses on:
- technology and natural sciences
- interdisciplinary networking with social and cultural studies
- embedded systems
- electronic components & communication
- production technology
- renewable composites
Carinthia as a research location continuously increased its investment ratio in research and development. In 2019, it amounted to 3.22 percent.
Investments in research & development
Carinthia invested 691.28 million euros in its research location (2021). The neighbouring province of Styria, with which Carinthia closely cooperates to strengthen the research landscape of Southern Austria, investments amounted to around 2.6 billion euros in 2021.
Two thousand one hundred thirty-one persons registered trade in Carinthia in 2021. Around 85 % of them were one-person businesses companies. Statistically, 81 % of the businesses still exist after three years, 71 % after five years. After seven years, around 62 % of the companies are still in existence. Carinthia is above the Austrian average of 58 %.
The industry in Carinthia focuses on
- electronic components and PCBs
- innovative production technologies and mechanical engineering
- new materials
- information and communication technology
The number of registered patents and utility models increased from 93 in 2020.
In 2021, the production value of entrepreneurs in Carinthia amounted to 26,353.70 million euros. Personnel expenses amounted to 6,442.60 million euros.
The production value per employee in Carinthia is 153,430 euros (2019). Carinthia is in seventh place in the Austria ranking.
In 2021, the export ratio was 37 percent and reached the mark of 8 billion euros for the first time. (WIBIS 2021)
On an area of 9,538 square kilometres, Carinthia has around 1,200 lakes and 16 rivers. The southernmost province of Austria is rightly called the "Land of Water".
Carinthia is a transit hub for south-eastern Europe and the Alps-Adriatic region. Austria's southernmost province is investing in its accessibility by air and rail. With the Koralm railway tunnel, the Austrian Federal Railways ÖBB are linking Carinthia and its neighbours more closely; in future, the route from Klagenfurt to Graz will be reduced to 45 minutes (instead of three hours). This holds enormous opportunities for the Carinthian economy. The new southern route, which will open in 2026, will strengthen the Baltic-Adriatic Corridor in Europe.
The Carinthia Broadband Initiative aims to create a basic infrastructure for nationwide broadband internet in Carinthia in the context of supra-regional and international technological developments in this sector. A technologically up-to-date telecommunications infrastructure is an essential location factor for a functioning economic, cultural and living space. It is important to make the business location attractive for existing and new companies and to counteract migration, especially from rural regions, as well as to present the advantages of the broadband infrastructure to the population.
The Austrian Broadband Atlas (BB-Atlas) by the Federal Ministry of Transport, Innovation and Technology (bmvit) provides you with an overview of the availability of broadband transmission technologies.
The WIBIS will give you an idea about updated figures and forecasts in terms of Carinthia’s economic development. It is the very detailed economic policy reporting and information system by the Carinthian Economic Promotion Fund (KWF).