The Economy in the Länder. 4th Quarter 2014

All but one Austrian Länder experienced slowing economic growth in the second half of 2014, Tyrol being the exception. Economic development in 2014 and the second half of 2014 was most favourable in the Western Länder of Vorarlberg and Tyrol; Vienna, Upper and Lower Austria and Carinthia saw their real value added shrinking in the second half of 2014, in Vienna and Lower Austria value added was receding for the whole year. Economic growth rates for Burgenland and Styria were above average in 2014, their performance, however, deteriorated significantly in the second half of the year.