This positive economic performance is mirrored by GDP per capita figures, where Austria ranks third in the EU, right behind Luxembourg and Denmark. At 4.5%, the unemployment rate is the third-lowest in the EU.4 Youth and long-term unemployment is also kept at comparatively low levels.
The employment rate of 15- to 64-year olds, measured in terms of full employment, is one of the highest in Europe. Another often cited positive feature of the Austrian economy is the cooperative social climate, which has been fostered by the system of "social partnership."