FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
08
HOUSING MARKET
THE COURSE FOR GROWTH CONTINUES: according to latest forecasts the population of Austria is expected to reach the nine million mark in 2023. As at January 1, 2020, Austria was home to 8,901,064 people, of whom 5,486,522 were between 20 and 64 years old. At the start of 2020, the average age of the people living in Austria was 42.9 years. × DEMOGRAPHICS OF AUSTRIA
DEMOGRAPHIC OUTLOOK FOR AUSTRIA
AGE PROFILE OF POPULATION AS AT JANUARY 1, 2020
2020 TO 2070
8,901,064
9,796,723
Population
10,000,000
1,720,915
0-19 YEARS
8,000,000
1,693,627
> 65 YEARS
6,000,000
4,000,000
5,486,522
20-64 YEARS
2,000,000
Year
0
2000
2010
2030
2040
2050
2060
2020
2070
FORECAST
→ Nine million people will be living in Austria by 2023. → By 2070, the population of Austria is expected to rise to 9,796,723 people. → This corresponds to an increase by around 10% from 2020 to 2070. → By 2070, 28.9% of the population will be 65 years or over, up from 19% in 2020. → The number of people living in Austria below the age of 20 will continue to drop gradually, from 19.3% in 2020 to 18.7% by 2070.
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