Country of the month

Flag of Austria Austria

Wireless payment

Digitalization

Internet usage (of pop.)
89%
Did online shopping (age 15+)
66 – 67%
Paid bills via internet (age 15+)
73 – 75%
Accessed a bank account online (age 15+)
72 – 74%
Paid utility bills using a mobile phone (age 15+)
10 – 11%
Made or received digital payments (age 15+)
> 98%

Data overview for Austria

Wireless payment

Digitalization

Internet usage (of pop.)
89%
Did online shopping (age 15+)
66 – 67%
Paid bills via internet (age 15+)
73 – 75%
Accessed a bank account online (age 15+)
72 – 74%
Paid utility bills using a mobile phone (age 15+)
10 – 11%
Made or received digital payments (age 15+)
> 98%
Business chart

Macro data

Population 2020
8.9M
GDP Total 2020
393.8B
GDP per capita 2020 (PPP)
48,300
GDP forecast 2021
3.5%
Trade Flows (% of GDP)
96.4%
Cash increase

Banking data

Total bank assets 2020
722.1B
Total bank assets 2020/GDP
183.4%
Account ownership (age 15+)
> 98%
Debit card ownership (age 15+)
94 – 95%
Coin in hand

Economic data

Unemployment
5.2%
Currency
EUR
Remittances (% of GDP)
0.7%
Private Consumption (yoy)
3.3%

Data provided by Raiffeisen Research, Sources

Articles about fintech in Austria

Austria compared to other CEE countries

Data provided by Raiffeisen Research, Sources

See all CEE countries