First Vienna Residential Market Report 2024

demographics of austria

Austria had a population of 9,104,772 people in 2023 – a figure that is expected to increase further. One of the main reasons for this demographic growth lies in Austria‘s exemplary infrastructure, its extensive social benefits, and the diverse range of leisure activities that the country has to offer. Austria provides a varied range of housing options and living environments valued by locals, newcomers, and investors alike.

Demographic outlook for Austria 2023 to 2080

Age profile of population as at January 1, 2023

9,104,772

10,235,200

Population

> 65 years 19.56%

19.35%

10,000,000

0-19 years

8,000,000

A

6,000,000

Ø age 43.2 years

61.09%

4,000,000

20-64 years

2,000,000

Year

0

2000 2010

2030 2040 2050 2060

2070

2023

2080

Forecast to 2080

→ In 2080, more than 10 million people will be living in Austria. → 29.1% of the population will be 65 years or over. → The number of people in Austria below the age of 20 will decrease to 18.74%. → This corresponds to an increase by 12.4%.

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