Exploring Austria's Workforce In Chemicals And Metals

Austria's economy is largely based on small and medium-sized enterprises (SMEs), which make up 99.6% of all companies in the country. In 2019, there were about 358,400 SMEs in Austria, employing over 2 million people. The Austrian economy also relies on imports of machinery, vehicles, chemicals, iron and steel, metal goods, fuels, raw materials, and foodstuffs. In 2023, 15,601 people were employed in the iron and steel industry.

In 2023, 15,601 people were employed in the iron and steel industry

Austria has several large industrial enterprises that employ thousands of people, including iron and steel works, chemical plants, and oil corporations. However, most industrial and commercial enterprises in Austria are relatively small on an international scale.

The metal-working technology industry in Austria is made up of 1,200 companies and has an export percentage of 21% in overall Austrian foreign trade. This industry includes the production of iron and steel casting, which exceeded 138,000 tons in 2023.

Overall, just over half of the entire Austrian population is economically active. As of 2020, approximately 4.30 million people were employed out of 8.77 million Austrian men and women living in private households.

There were 1,200 companies in the metal-working technology industry in 2023

In 2023, there were 1,200 companies in the metal-working technology industry in Austria. This is one of the country's most important industries, alongside food and luxury commodities, mechanical engineering, steel construction, chemicals, and vehicle manufacturing.

Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths. In 2023, 15,601 people were employed in the iron and steel industry. However, it is unclear how many people work with chemicals in Austria.

Austrian farmers provide about 80% of domestic food requirements, but the agricultural contribution to gross domestic product (GDP) has declined since 1950 to less than 3%. In 2020, just over half of the entire Austrian population was economically active, with approximately 4.30 million employed and 244,000 unemployed.

Austria imports chemicals, iron and steel, and metal goods

In 2023, 15,601 people were employed in Austria's iron and steel industry. The metal-working technology industry has an export percentage of 21% in overall Austrian foreign trade, and there were 1,200 companies in the industry in 2023.

Austria's most important industries include food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing. The country has natural resources of iron ore, non-ferrous metals, important minerals and earths.

Austrian farmers provide about 80% of domestic food requirements, but the agricultural contribution to gross domestic product (GDP) has declined since 1950 to less than 3%. Although some industries are global competitors, such as several iron and steel works, chemical plants and oil corporations that are large industrial enterprises employing thousands of people, most industrial and commercial enterprises in Austria are relatively small on an international scale.

Just over half of the entire Austrian population is economically active. In 2020, of the 8.77 million Austrian men and women living in private households, approximately 4.30 million were employed and 244,000 unemployed.

Austria's economy is based on small and medium-sized enterprises (SMEs)

Small and medium-sized enterprises (SMEs) are the backbone of Austria's economy. In 2021, 99.6% of all businesses in Austria were SMEs, accounting for 358,600 enterprises. These businesses are an essential source of jobs, creating an entrepreneurial spirit and innovation, and are crucial for fostering competitiveness. In 2021, more than 2 million people were employed by Austrian SMEs, and approximately 52,400 apprentices were trained.

Austria's economy is diverse, with SMEs differing in size, industry, and their phase in the business life cycle. In 2021, 42% of all enterprises were one-person enterprises, showing growth potential and an intention to employ people. The biggest sector for SMEs in Austria is "wholesale and retail trade", accounting for more than one-fifth of overall SMEs and employment. This is followed by "professional, scientific and technical activities", and "accommodation and food service activities". However, the second-largest sector in Austria, considering employment and turnover, is the "production of goods".

Austria has a similar share of SMEs in its total business population as elsewhere. The Austrian business economy consists of over 300,000 firms, of which 99.7% were SMEs in 2019, employing approximately 66.8% of the labour force. In 2024, this number grew to 99.8% of all enterprises, or 588,000 companies, employing more than 2.3 million people.

Austria's most important industries include food and luxury commodities, mechanical engineering, steel construction, chemicals, and vehicle manufacturing. The country has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals, and earths. In 2023, 15,601 people were employed in the iron and steel industry, and there were 1,200 companies in the metal-working technology industry.

The metal-working technology industry has an export percentage of 21% in overall Austrian foreign trade

In 2023, there were 1,200 companies in the metal-working technology industry in Austria. The industry has an export percentage of 21% in overall Austrian foreign trade. This is a significant contribution to the Austrian economy, with the metal and metal-processing industry employing thousands of people. In 2023, 15,601 people were employed in the iron and steel industry alone.

Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths. This has contributed to the development of several large industrial enterprises in the country, including iron and steel works, chemical plants and oil corporations.

Although Austrian farmers provide about 80% of domestic food requirements, the agricultural contribution to gross domestic product (GDP) has declined since 1950 to less than 3%. In contrast, the metal-working technology industry has maintained its importance in the Austrian economy, with a significant export percentage.

Overall, the metal-working technology industry plays a crucial role in Austrian foreign trade, contributing to the country's economic growth and providing employment opportunities for thousands of people.

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