European Commission - Internal Market, Industry, Entrepreneurship and SMEs

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Tyrol is a western federal state of Austria bordering the states Vorarlberg, Salzburg and Carinthia. Furthermore, Tyrol has borders with Germany to the north, Switzerland to the southwest and Italy to the south. With a total of 754,705 inhabitants in 2019 (Eurostat, 2020), Tyrol ranks on 5th position among the nine federal states of Austria. Between 2018 and 2019, Tyrol witnessed an increasing trend of the regional population (0.5%). The region has a surface area of 12,648km² and a population density of 59 inhabitants/km² (national average: 587 inhabitants/km2). The state capital is Innsbruck (298,647 inhabitants; 2019). Tyrol has a high standard of living, environmental quality and belongs to the wealthy EU regions. The federal-state witnessed a dynamic structural change after WWII from mountain agriculture to an industrial and service-oriented region. Today, the regional economy is diversified; tourism has an outstanding position, but the regional economic profile is additionally shaped by knowledge-intensive business-related services, industrial companies, trades, transport and commerce, public services and fruit production.

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