Vienna, Austria's capital, is a historical yet dynamic EU metropolis renowned for its high quality of life. The city has a population of over 2 million and a high GDP per capita of approximately US$57 thousand. It is a bustling centre of commerce and industry, producing over half of Austria's capital goods and nearly half of its consumer goods. Key sectors include machinery, electrical products, chemicals, and metal products, along with traditional Viennese crafts. The city is also a pivotal trade hub, hosting major international fairs that draw global participants, enhancing its business environment. Vienna also attracts millions of visitors to its iconic cultural sites annually.
Renowned for its efficient public services and high-quality urban infrastructure, Vienna's urban management practices are considered a benchmark in sustainable city planning. The city's commitment to green energy and waste reduction initiatives underscores its dedication to environmental sustainability.
In many indices Vienna continuously ranks at the top for liveability due to its unparalleled quality of life, characterized by extensive green and walkable spaces, comprehensive healthcare, and abundant cultural offerings. However, challenges to investor attractiveness remain linked to a lack of sufficient supply of skilled labour and lower levels of achieved innovation due to lack of private investments. War in Europe has exposed supply chain and energy vulnerabilities that the city will need to address to secure resiliency.
