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Austria’s SMEs are amongst the best in Europe

13. December 2017

Austria’s SME sector is one the most competitive in the entire EU, according to the European Commission.

Presented in the Estonian capital Tallinn, the latest performance review – the Small Business Act (SBA) fact sheet 2017 – gave Austria’s SME sector a glowing report.

Between 2012 and 2016 the value added by SMEs rose by 11% and employment generated by SMEs by 4.8%. Moderate SME growth is expected to continue in 2016-2018, with value added rising by 7.4 % and employment by 2.6 %.

The EU Commission found that Austria enjoyed one of the most competitive SBA profiles in the European Union and outperformed the EU average in no less than four areas: ‘Internationalisation’, ‘Environment’, ‘Skills and Innovation’ and ‘Single Market’. In the areas of single market and internationalisation Austria is even a top-three performer, whereas in the remaining areas, it is on a par with the EU average.

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