Demographics

Austria is a beautiful landlocked country without a coastline, yet the borders have transposed, eventually connecting it to eight countries. The capital has been titled as the city with the best quality of life. It is also among the eco-friendliest countries globally as they recycle almost 63% of the waste.

Austria has a population of 9 million, and it ranks 97th on the list of countries according to the population count. The number of people older than 65 has increased, while the working population makes up around 66% of the total.

Average Salary

A full-time working adult in Austria makes around 3,790 EUR every month. The lowest average salary in the region is 960 EUR while the highest average comes out to be near 16,900 EUR. The citizens enjoy a pretty good quality of life as they get other benefits and basic pay. Everyone gets at least 22 vacation days along with 13 paid holidays annually – paid!

Economy

Austria is among the wealthiest countries worldwide as per the GDP. The economy of Austria can be called a free market economy. Austria has a highly developed industrial sector producing a massive amount of chemicals, food, steel, and vehicles. It also has sufficient opportunities for investors.

Other than investments and manufacturing, Austria does not lack in the agricultural sector either. It contributes 22% to the organic produce among the EU members. Tourism also brings around one billion dollars to the country every annum.

E-commerce in Austria

Austria is home to numerous e-commerce events throughout the year. Around 7.9 billion people in the country use the internet, out of which 4.5 million are active social media users. Over 78% of the consumers buy products online, where m-commerce accounts for around 38% of the total purchases.

Payment Gateways

98% of the Austrian population has an account with a financial institution, and 47% possess a credit card. Invoices are a popular payment method in the region, along with bank transfers. Nearly 34.5% of offline and online payments are made through cards, while 13.6% of people rely on e-wallets. Top-rated e-wallets for online shopping in Austria include PayPal, ClickandBuy, and Quick.

Fig. Payment Methods Austria

Popular Products

The e-shopping trends in Austria exhibit the people’s interest in fashion and sporting wear followed by books and magazines. $1.76 billion were spent on fashion and beauty in the previous year, while others spent $1.68 on electronics. The furniture and appliance market exhibits significant growth potential with massive sales.

Future of eCommerce in Austria

Experts expect the e-revenue in Austria to reach $7,537 million in 2021. Moreover, growth by 4.9% would lead to $9,119 million by 2025, with fashion being the market’s largest segment. User penetration is projected to reach 80.5% by 2025.

Dropshipping to Austria

If you are looking to expand your business, dropshipping to Austria is a perfect idea. Get the products dropshipped directly from the Wefullfill website with no additional charges and swift delivery.