Corruption Perception Index of Austria
Austria scored 76 points out of 100 on the 2020 corruption perceptions index, a decrease of one point when compared with the previous year (2019). Between 2010-2020, the corruption perception index of Austria decreased by three points.
Austria stands above average when compared to other countries in the corruption perception index. Austria's index score has decreased from a high of 79 in 2010 to a low of 76 in 2020.
Austria's business climate is not greatly hampered by corruption, however, there is a slight chance of wrongdoing in public procurement. In the last ten years, there have been several notable corruption cases in Austria involving local and regional government officials, high-level public officials, and the federal government.
Outlook on Corruption Perception Index
The Corruption Perceptions Index (CPI), is an index that ranks countries around the world, based on how corrupt their public sectors are perceived to be. Results are presented on a scale of 0 to 100, with 0 being highly corrupt and 100 representing extremely noncorrupt.
Denmark, New Zealand, Finland, Singapore, Sweden, and Switzerland are among the major countries with the lowest levels of corruption worldwide. Denmark and New Zealand had the highest score of 88 out of 100, followed by Finland, Switzerland, Singapore, and Sweden with a score of 85 in 2020. Countries with the highest levels of corruption worldwide include Somalia and South Sudan with a score of 12 out of 100 in 2020.
Factors Affecting the Corruption Perception Index
Political and Economic Environment:
The political and economic environment has a major impact on the corruption phenomena and is also affected by the monetary policy.
Level of GDP:
It has been observed that nations with relatively low GDP per capita levels typically have higher levels of corruption. Other than that, early developing nations often have lower corruption ratings.
Country Size:
Due to the difficulty in policing public officials in dispersed places, countries with a low population density and large geographic areas are more susceptible to corruption.
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