Economy Of Radstadt
Being in the center of the Ski amadé ski network, Radstadt mostly depends on tourism for its economic development. Strategically placed inside the ski network, the city is surrounded by notable ski resorts. Still, its own Kemahdhöhe ski area is not as well-known nationally. With so many hotels in the tourism industry, the city generates a lot of money.
With 60% of the workforce engaged in manufacturing, it is evident from looking at the several economic sectors that this sector is the top one in employment. Comprising thirty percent of the workforce, the building sector follows closely behind. Within the service industry, trade and social/public services together account for thirty percent of the workforce. Of the sector, accommodation and catering make up 18%; freelance work makes up 12%. The 2011 figures show the city’s economic situation and the way different sectors employ the people.
Radstadt employed 2,300 people overall in 2011. Of them, half worked for the municipality and the other half commuted primarily within the district. About sixty people also commuted to Radstadt for business, which gave light on the city’s transportation trends.
Radstadt’s employment and income rates match those of the Salzburg state’s average as well as those of Austria overall. The 2011 census figures show Radstadt’s median income per capita to be 19,900 euros, somewhat below both the national average of 21,101 euros and the state average of 20,600 euros.At 4.2%, Radstadt’s unemployment rate was lower than both the national average of 7.4% and the state average of 4.8%.With Radstadt’s labor force participation rate of 54.6%, it exceeded the national average of 51.9% as well as the state average of 52.9%.
Radstadt boasts a rather well-connected, first-rate infrastructure. Salzburg and Graz are conveniently reached from the Ennstalbahn railway. Ennstal Straße B320 branches off towards Schladming and Liezen while the Katschberg road B99 passes through Radstadt from Bischofshofen to Spittal a der Drau. Motorists will find the Tauern Autobahn A10 conveniently situated just ten kilometers west of the city. The improved accessibility and connectivity of the city made possible by the transportation links help both people living there and tourists.
Radstadt’s economic success is intimately related to its tourism-oriented strategy, which makes use of its favorable location inside the Ski amadé ski network. The employment scene of the city is much influenced by the manufacturing and service industries, together including trade and social/public services. The patterns of commuting show a fair distribution of employment over the municipality and its environs. Radstadt gains from a very effective road system and the Ennstalbahn railway, both of which constitute part of a highly efficient transportation infrastructure. This deliberate orientation makes it easy to reach key locations including Salzburg, Graz, and surrounding areas.
