Koralmbahn: Hope or illusion for the Carinthian economy?

Koralmbahn: Hope or illusion for the Carinthian economy?

The expansion of the Koralmbahn, which is viewed by many as a “chance of the century” for Carinthia, is the focus of critical discussions. In this context, economist Norbert Wohlgemuth expresses doubts about the optimistic expectations of politicians regarding the economic impact of this major project. In recent years, the Carinthian economy has tried to achieve a sustainable economic upswing, despite considerable challenges. Wohlgemuth emphasizes that it is necessary to look more realistically at the expectations of the Koralmbahn and to analyze more closely to what extent the project can actually bring new momentum.

Carinthia's economy is clearly dependent on the service sector, which contributes 62% to the state's added value. Almost a third, more precisely 36.3%, come from the manufacturing sector. Agriculture and forestry, on the other hand, play a minor role at only 1.8%. These figures illustrate the fundamental structural problems of the Carinthian economy, especially at a time when the influence of industry has tended to increase since the turn of the millennium.

Economic challenges and data resources

The current economic circumstances in Carinthia are complex. The Carinthian Economic Policy Reporting and Information System (WIBIS) offers extensive data and information that serves to support regional economic, funding and structural policy. WIBIS has been available for over a decade and provides in-depth insight into various economic aspects of the country, including employment data, unemployment figures and population forecasts.

Various areas are covered within WIBIS, including information on population structure, number of employees, as well as economic bulletins that provide monthly information on the economic situation. It also offers valuable insights into the area of ​​research and development, which can be of central importance for Carinthia's future competitiveness.

Conclusion and outlook

In summary, it can be said that Carinthia is facing enormous challenges in which the Koralmbahn can be seen as both a source of hope and a factor of uncertainty. Wohlgemuth's skepticism may prompt some to reflect on whether the project is being adequately prepared to actually contribute to a sustainable economic recovery. The current structural conditions, supported by precise data analyses, require a strategic approach to set the course for the future.

Further details about the Koralmbahn and developments in Carinthia can be found in the reports from crown, ORF Carinthia, and this Economic policy reporting and information system can be viewed.