Austria

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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

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%

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%

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%

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

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Five ways Austrian startups approach ESG

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An investor´s view on corporate venture capital & developments in the CEE fintech ecosystem

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Austria compared to other CEE countries

Austria

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%

Czech Republic

Internet usage (of pop.): 89%
Did online shopping (age 15+): 67 – 69%
Paid bills via internet (age 15+): 70 – 72%
Accessed a bank account online (age 15+): 66 – 67%

Slovakia

Internet usage (of pop.): 91%
Did online shopping (age 15+): 55 – 57%
Paid bills via internet (age 15+): 66 – 67%
Accessed a bank account online (age 15+): 56 – 58%

Hungary

Internet usage (of pop.): 86%
Did online shopping (age 15+): 42 – 44%
Paid bills via internet (age 15+): 43 – 45%
Accessed a bank account online (age 15+): 42 – 43%

Data provided by Raiffeisen Research, Sources

See all CEE countries