Unemployment rate forecast Austria 2023-2028

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Based on estimates made by the European Commission for 2023, the unemployment rate in Austria will increase by 4.9 percent compared to the previous year as a consequence of the coronavirus (COVID-19) pandemic. The Austrian National Bank, meanwhile, predicts an unemployment rate of 6.4 percent.

Forecast for the unemployment rate in Austria from 2023 to 2028

Institution	2023	2024	2025	2026	2027	2028
Bank Austria (June 2022)	6.4%	6.3%	-	-	-	-
WIFO: Austrian Institute of Economic Research (June 2022)	6.4%	6.1%	5.8%	5.5%	5.3%	-
IHS: Institute for advanced studies (June 2022)	6.5%	6.3%	-	-	-	-
OeNB: Austrian National Bank (June 2022)	6.4%	6.2%	6.1%	-	-	-
OECD: Organisation for Economic Cooperation and Development (June 2022)*	5%	5.1%	-	-	-	-
AMS: Job Market Service (May 2022)	6.4%	6.4%	-	-	-	-
European Commission (November 2022)*	4.9%	5%	-	-	-	-
BMF: Federal Ministry of Finance (April 2022)*	4.7%	4.5%	4.4%	4.3%	-	-
IWF: International Monetary Fund (April 2022)*	5.3%	5.6%	5.4%	5.3%	5.2%	5.2%
UN: United Natiions (January 2023)*	5.2%	-	-	-	-	-
ILO: International Labour Organization (January 2022)*	4.8%	4.7%	-	-	-	-

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Release date

July 2023

More information

Region

Austria

Survey time period

January to July, 2023

Special properties

Annual average

Supplementary notes

* Figures are based on international definitions of unemployment and therefore differ from the usual numbers after national calculations. The latter are usually several percentage points higher.

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