Austria

Austria boasts a high GDP per capita, indicating a wealthy nation. However, the economy faces a notable challenge with a high inflation rate of 7.814% coupled with a negative GDP growth rate of -0.786%, suggesting economic contraction and erosion of purchasing power in 2023.

Despite experiencing negative GDP growth and high inflation, Austria maintains a relatively low unemployment rate of 5.264%. This suggests a resilient labor market or potential structural factors preventing widespread job losses even during economic headwinds.

Austria's fertility rate of 1.32 is significantly below the replacement level of 2.1, indicating a shrinking native-born population. This, combined with a high life expectancy of 81.54 years, points towards an aging demographic structure that could strain social services and the workforce in the long term.

Austria demonstrates strong health outcomes with a very low infant mortality rate of 2.600 per 1,000 live births and a high life expectancy of 81.54 years. This is supported by a substantial health expenditure, accounting for 10.878% of its GDP, highlighting a significant national investment in public health.