Economy Of Schladming
Schladming has a varied and active economy based on agriculture, tourism, business, craftsmanship, and services. With a GDP per capita of 34,400 euros, the town produces 229 million euros overall domestically. With a 3.9% unemployment rate and a positive trade surplus, the municipality is Public and private infrastructure, education, health, and cultural investments help the community as well. Schladming is included into the European Union, the Alpine Convention, and the Eurozone.
Economic Landscape
Key Economic Indicators
The following table summarizes some of the key economic indicators of Schladming in 2023:
| Indicator | Value | Unit |
|---|---|---|
| GDP | 229 | million euros |
| GDP per capita | 34,400 | euros |
| GDP growth rate | 2.1 | % |
| Inflation rate | 1.8 | % |
| Unemployment rate | 3.9 | % |
| Trade balance | 12 | million euros |
| Population | 6,660 | persons |
| Population density | 32 | persons/km2 |
Major Industries in Schladming
Schladming primarily relies on tourism, business, handicap, services, and agriculture. About 60% of the town’s total value added comes from tourism, which also provides the main source of income and employment. Providing goods and services to the local population as well as visitors depends much on the sectors of commerce, crafts, and services. Conventional industry that helps to preserve the natural and cultural legacy of the area is agriculture. Dairy, meat, cereals, and potatoes are among the main agricultural products.
Employment and Labor Market
With 3,600 people working for him at a 96.1% employment rate, Schladming At just 3.9%, the unemployment rate in the town is lower than the national average of 5.2%. Each working individual in the town produces 63,600 euros of labour. Schladming’s main employment categories are service and sales; craft and associated trades; professionals; technicians and associate professionals. Schladming’s typical monthly gross wage comes to 2,800 euros.
Tourism and Hospitality Sector
The main economic sector of Schladming is tourism, which generates around 2,200 jobs and adds value of over 140 million euros. The town welcomes over 1.2 million overnight stays and 300,000 daily visitors. Schladming primarily targets the British, German, Austrian, Dutch, markets. Engaging in winter sports, hiking, riding, immersing oneself in the local culture, and indulging in wellness activities drives most of the reasons one is visiting Schladming.
Tourism’s Contribution to the Economy
Schladming’s economy depends significantly on tourism, which makes both direct and indirect significant contributions. The direct contribution of tourism is the extra value produced by companies in the tourist industry—including those in hotel, food and beverage, transportation, leisure, and culture. The indirect contribution of tourism is the extra value generated by suppliers of products and services to sectors linked to tourism, including industry, trade, crafts, and agriculture. With an estimated 240 million euros, the Schladming tourism industry significantly boosts the local economy. Comprising 105% of the town’s GDP, this number shows
Accommodation and Hospitality Services
Schladming offers a wide range of hotel and housing options catered to meet the needs and preferences of different kinds of visitors. With hotels accounting for 60%, private rooms and flats accounting for 30%, and other types of lodging including campers, hostels, and farms, accounting for the remaining 10%, the town has approximately 8,000 residences for visitors. With a 75% occupancy rate, the town has 75% of its hotels filled right now. Visitors to the town also stay on average three and five nights. There are a wide range of eateries in the town including cafés, bars, restaurants and pubs offering both domestic and international cuisine and beverages.
Tourism-related Businesses
Apart from offering lodging and hospitality facilities, Schladming has a lot of other businesses meeting the different needs and preferences of its visitors. These cover ski and snowboard schools, ski and bike rental companies, sports and leisure facilities, wellness and health centers, cultural and educational events, and gift and souvenir businesses. These companies provide premium goods and services as well as employment possibilities and income for the nearby area.
Infrastructure and Connectivity
The very modern and advanced infrastructure and connectivity Schladming offers substantially improve the accessibility and mobility of visitors as well as residents. A railway station in the town gives connection to the national and international rail systems. There also is a bus station serving the surrounding towns and cities with regularity. Both the B320 road and the A9 highway make the town easily reachable by car. About 90 kilometers separate Salzburg Airport, the nearest airport to Schladming.
Transportation and Connectivity
Effective and ecologically friendly transportation and connecting infrastructure provided by Schladming helps people and goods to be transferred both inside and outside of the municipality. Serving the main sights and activities in the area, the town features a thorough public transit system including cable cars, railroads, and buses. The town has a thorough system of bike lanes and hiking paths meant to support and ease active, healthy forms of mobility. Apart from running car-sharing and bike-sharing initiatives, the municipality also encourages the use of hybrid and electric vehicles.
