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Austria’s relative spending on individuals’ tertiary education is among the highest in the OECD. Austria puts great emphasis on tertiary education which is reflected in the level of public investment: its spending on individuals’ tertiary education relative to lower levels of education is among the highest of the OECD countries.
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Note summarising the performance of 15-year-old students in Austria in the PISA 2012 assessment of mathematics, reading and science.
Two rounds of the Survey of Adult Skills are under way: Round 1 (2008-13) with 24 participating countries, whose results were released in October 2013, and Round 2 (2012-16) with 9 participating countries, whose results will be released in 2016. A third round is scheduled to begin in May 2014.
Important challenges for the future of Austrian well-being arise from demographic and environmental trends. The ageing of the population calls for a fair balance between life-time pension contributions and entitlements, drawing on the recent pension reform.
Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty.
There are few OECD countries where vocational education and training (VET) is held in such high regard or takes so many forms as in Austria. Some 60 percent of young Austrians aged between 25 and 34 have completed a VET course below tertiary level (vocational school or technical college).
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A Skills beyond School Review of Austria
Education at a Glance 2013 - Country notes and key fact tables
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.