Located in an impressive mountain range, Tyrol and its capital city of Innsbruck provides a high quality of life. Also, the local economy benefits from its proximity to Switzerland and Germany.
Tyrol's economic structure varies greatly between regions.
Greater Innsbruck has a concentrated educational and administrative infrastructure along with larger industrial operations. The rest of the federal state is predominately characterised by small and medium-sized businesses; the small business structure is especially established in the Tyrolean Oberland, Kitzbühel District and East Tyrol.
However, the Kitzbühel District also has industrial/service-based companies that are known throughout Europe in the fields of chipboards, pharmaceuticals, insulation and tourism (incoming and outgoing). Industry has a more dominant presence in Greater Innsbruck and the Schwaz, Kufstein (Unterinntal) and Reutte districts.
Tourism is the main sector in the Tyrolean Oberland and Kitzbühel District. Tourism also plays a big role throughout Tyrol. The Schwaz District features both important industrial areas and tourist regions (Zillertal and Achensee). Tyrol has approximately 340,000 beds for guests, half of which are in hotels, while 30 % are in holiday homes. Tourism in Tyrol accounts for approximately 53,000 jobs, many of which are seasonal.
Agriculture does not play a big role economically for Tyrol, but it is important for the self-image of the federal state and for maintaining its characteristic landscape. Tyrol's economy is strongly connected to the international transport of goods. 42 % of the entire gross regional product of the federal state is earned through exports. The main companies of Tyrol's industry export their products to the entire world. However, the proportion of small and medium-sized companies which are successful both globally and regionally should not be underestimated.
Source: www.tirol.gv.at, State of Tyrol