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Foreign Affiliates 2018: small changes in number, clear increases in turnover

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10/01/2020 | 04:15am EDT

Press release: 12.335-175/20

Vienna,2020-10-01 - In 2018, 11 900 enterprises in Austria operated under foreign control, according to Statistics Austria. This is 3.8% more than in the year before. At the same time, Austrian enterprises had control over 6 000 enterprises abroad, a rise of 0.1% in numbers. Besides Germany, the same-language neighbour country, main target for Austrian investments abroad still was the central, eastern and south-eastern region of Europe.

Although they accounted only for 3.4% of all domestic market enterprises (not including sectors like agriculture, forestry and fishing, education, health, cultural, public and non-profit sector), foreign controlled enterprises in 2018 employed one in five persons employed (21%) and accounted for more than one third (34.5%) of the total turnover in the Austrian market economy.

74.4% of foreign controlled enterprises in Austria had their corporate headquarters within the European Union. By far the most important partner country was Germany, accounting for 39.2% of all cases, followed by Switzerland (11.2%), Italy (5.8%), the UK (4.6%) and the Netherlands as well as the United States (4.5% each).

Though the number of Austrian affiliates abroad was more or less the same as the year before, their employment rose by 5.5% in 2018. Turnover went up by 12.8%, mainly due to the results of multinationals' oil and raw materials trading entities reported by their Austrian controlling units. But also other activities in the petro-chemical cluster, like manufacture of refined petroleum products, manufacture of chemicals and chemical products, performed very well in 2018.

Foreign affiliates could mainly be found in Germany (14% of all units or 13% of foreign employment). Ranked by employment shares, Germany was followed by the Czech Republic (9.0%), Hungary (6.9%), Romania (6.5%), the United States (5.2%) and Poland (4.6%). 65.6% of all foreign affiliates were located in EU countries, reaching a share in foreign employment of 63.8%.

For more detailed information please refer to the German version.

Disclaimer

Statistik Austria published this content on 01 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 07:14:08 UTC


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