🇦🇹 Vienna is the national capital, largest city, and one of nine states of Austria. Vienna is Austria's most populous city, and its cultural, economic, and political centre. It is the 6th largest city by population within city limits in the European Union. Today, it is the second-largest German-speaking city. Vienna is host to many major international organisations, including the United Nations, OPEC and the OSCE. The city is located in the eastern part of Austria and is close to the borders of the Czech Republic, Slovakia and Hungary. These regions work together in a European Centrope border region. Along with nearby Bratislava, Vienna forms the core of a larger metropolitan region.
The city centre is designated a UNESCO World Heritage Site. Vienna is known as the "City of Music" due to its musical legacy, as many famous classical musicians such as Beethoven and Mozart called Vienna home. Vienna is also said to be the "City of Dreams", because of it being home to the world's first psychoanalyst Sigmund Freud. Vienna's ancestral roots lie in early Celtic and Roman settlements that transformed into a Medieval and Baroque city. It is well known for having played a pivotal role as a leading European music centre, from the age of Viennese Classicism through the early part of the 20th century. The historic centre of Vienna is rich in architectural ensembles, including Baroque palaces and gardens, and the late 19th century Ringstraße lined with grand buildings, monuments and parks.
Vienna is known for its high quality of life. In a study of 127 world cities, the Economist Intelligence Unit ranked the city first for the world's most liveable cities. Monocle's "Quality of Life Survey" ranked Vienna second on a list of the top 25 cities in the world "to make a base within". The UN-Habitat classified Vienna as the most prosperous city in the world. The city was ranked 1st globally for its culture of innovation in the Innovation Cities Index, which analysed 162 indicators in covering three areas: culture, infrastructure, and markets. Vienna regularly hosts urban planning conferences and is often used as a case study by urban planners. Vienna was the world's number-one destination for international congresses and conventions. It attracts over 6.8 million tourists a year.
Vienna is one of the wealthiest regions in the European Union: Its gross regional product of EUR 47,200 per capita constituted 25.7% of Austria's GDP in 2013. It amounts to 159% of the EU average. The city improved its position on the ranking of the most economically powerful cities reaching number nine on the listing in 2015.
With a share of 85.5% in gross value added, the service sector is Vienna's most important economic sector. Industry and commerce have a share of 14.5% in gross value added. The cultivation and production of wines within the city borders has a high socio-cultural value. The most important business sectors are trade (14.7% of added value in Vienna), scientific and technological services, real estate and housing activities as well as manufacturing of goods. Vienna's contribution in Austria's outgoing and incoming foreign direct investments was of about 60%, which demonstrates Vienna's role as an international hub for domestic and foreign companies.
Vienna has expanded its position as gateway to Eastern Europe: 300 international companies have their Eastern European headquarters in Vienna and its environs. Among them are Hewlett Packard, Henkel, Baxalta and Siemens. Companies in Vienna have extensive contacts and competencies in business with Eastern Europe due to the city's historical role as centre of the Habsburg Empire. The number of international businesses in Vienna is still growing: Each year, around 150 international firms establish offices in Vienna.
Altogether, approximately 8,300 new companies have been founded in Vienna every year since 2004. The majority of these companies are operating in fields of industry-oriented services, wholesale trade as well as information and communications technologies and new media. Vienna makes effort to establish itself as a start-up hub. Since 2012, the city hosts the annual Pioneers Festival, the largest start-up event in Central Europe with 2,500 international participants taking place at Hofburg Palace. Tech Cocktail, an online portal for the start-up scene, has ranked Vienna sixth among the top ten start-up cities world-wide.
Vienna is rated Alpha − by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Alpha level cities are linked to major economic states and regions and into the world economy.
Vienna is the #21 city in the world according to the Global Power City Index (GPCI) which evaluates and ranks the major cities of the world according to their magnetism, or their comprehensive power to attract people, capital, and enterprises from around the world. It does so through measuring six key functions: Economy, Research and Development, Cultural Interaction, Liveability, Environment, and Accessibility.
Vienna is the #44 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria – Human Capital, Business, Finance, Infrastructure and Reputation.
Vienna is ranked #51 and rated B by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. B cities are international hub cities. Vienna was ranked #58 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Vienna has a population of over 1,911,191 people. Vienna also forms the centre of the wider Vienna metropolitan area which has a population of over 2,853,903 people. Vienna is the #157 hipster city in the world, with a hipster score of 3.8777 according to the Hipster Index which evaluates and ranks the major cities of the world according to the number of vegan eateries, coffee shops, tattoo studios, vintage boutiques, and record stores. Vienna is ranked #85 for startups with a score of 5.972.