Austria GDP Data & Country Report

Austria Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Austria; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION

Central bank

Austrian National Bank
Austria is part of the Eurosystem and the European Central Bank

International Reserves

US$ 25.710 billion (Source: IMF; Data updated: November 2011)

Gross Domestic Product - GDP

US$ 405.681 billion (2010 estimate)

GDP (Purchasing Power Parity)

343.831 billion of International dollars (2010 estimate)

Real GDP growth

2000	2001	2002	2003	2004	2005	2006	2007
3.7%	0.5%	1.6%	0.8%	2.5%	2.5%	3.6%	3.7%
2008	2009	2010	2011*
2.2%	-3.9%	2%	2.4%

*Estimate

GDP per capita - current prices

US$ 48,350 (2010 estimate)

GDP per capita - PPP

$40,979 International Dollars (2010 estimate)

GDP (PPP) - share of world total

1980	1990	2000	2010	2015**
0.7%	0.62%	0.55%	0.45%	0.39%

**Forecast

GDP - composition by sector

agriculture: 1.5%
industry: 29.8%
services: 69% (2009 estimate)

(Data released on November 2010)

Gross domestic expenditure on R&D (% of GDP)

2.74% (2010)

(Data released on November 2010)

Inflation

2008	2009	2010	2011*
3.2%(2008)	0.4%	1.7%	2.5%

*Estimate

Unemployment rate

2008	2009	2010	2011*
3.8%	4.8%	4.4%(2009)	4.3%

*Estimate

Household saving rates

9.7% (Net saving; 2011 forecast)

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)

2007	2008	2009	2010	2011*
59.2%	62.4%	67.5%	69.9%	70.5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)

2007	2008	2009	2010*	2011**
-0.5%	-0.5%	-3.5%	-4.8%	-4.1%

*Estimate **Forecast

Government bond ratings

Standard & Poor's: AAA/Stable/A-1+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares

2007	2008	2009
US$228.707 billion	US$72.3 billion	US$53.578 billion

Largest companies in Austria

Erste Group Bank (Major Banks), OMV Group (Oil & Gas Operations), Raiffeisen International Bank-Holding (Major Banks), Vienna Insurance Group (Diversified Insurance), Verbund (Diversified Utilities), Voestalpine (Iron & Steel)
(2011)

DATA ON TRADE AND COMPETITIVENESS

Current account balance

US$ 12.4 billion (2010 estimate)(After 2008)

Current account balance by percentage of GDP

3.1% of GDP (2010 estimate)(2009)

Exports as percent of GDP

(Exports of goods and services)

58.9% (2008)

(Data released on December 2010)

Shares in world total merchandising export

1%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export

1.46%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exports

US$157.4 billion f.o.b. (2010 estimate)

Export commodities

machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles

Total imports

US$183.4 billion f.o.b. (2008 estimate)

Import commodities

machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products; foodstuffs

Exports - major partners

Germany 29.8%, Italy 8.8%, US 4.9%, Switzerland 4.3% (2007)

Imports - major partners

Germany 45.5%, Italy 7.1%, Switzerland 5%, Netherlands 4.3% (2007)

FDI inflows

2008	2009	2010
US$6,858 million	US$7,011 million(2009)	US$6,613 million(2009)

FDI outflows

2008	2009	2010
US$29,452 million	US$7,381 million	US$10,854 million

Value of cross-border M&A, by country of purchaser

2008	2009	2010	2011
US$3,049 million	US$3,345 million(2009)	US$1,653 million(2009)	US$1,275 million

Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 32 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 125 out of 183 countries(2009)

Registering property: 33 out of 183 countries

Paying Taxes: 104 out of 183 countries

Getting credit: 15 out of 183 countries

Protecting investors: 132 out of 183 countries

Trading across border: 25 out of 183 countries

Enforcing Contracts: 9 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 21 Score: 71.9 (Mostly Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW

Time zone

UTC+1

Total area

83,871 km² (2006)

Capital

Vienna (2009)

Currency

euros (EUR) (2009)

Government type

federal republic (2009)

Languages

German (official nationwide) 88.6%, Turkish 2.3%, Serbian 2.2%, Croatian (official in Burgenland) 1.6%, other (includes Slovene, official in Carinthia, and Hungarian, official in Burgenland) 5.3% (2001 census)

Religions

Roman Catholic 73.6%, Protestant 4.7%, Muslim 4.2%, other 3.5%, unspecified 2%, none 12% (2001 census)

Total population

1980	1990	2000	2010*	2015**
7.55 million	7.68 million	8.01 million	8.38 million	8.45 million

*Estimate **Forecast

Urban population as % of total population

1960	1980	2000	2009
64.7%	65.4%	65.8%	67.4%

Population median age

40.0 years (2006)

Population growth rate

0.3% (2009)

Life expectancy

80 years (2007)

Adult literacy

N/A

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

29.2 (2000)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

184.5% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

72.7% (Data were released in 2011 and refer to 2010)

Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Vienna: 36th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

8.1233 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:

COUNTRY WINNERS Bank Austria (National, 2010)

2009:

COUNTRY WINNERS Bank Austria (National, 2009)

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2011:

Best Provider of Money Market Funds RZB/Raiffeisen International (CEE, 2011)
Best Bank for Risk Management RZB/Raiffeisen International (CEE, 2011)

2010:

Best Provider of Money Market Funds RZB/Raiffeisen International (CEE, 2010)
Best Bank for Risk Management RZB/Raiffeisen International (CEE, 2010)

2009:

Best Overall Bank for Cash Management RZB/Raiffeisen International (CEE, 2009)
Best Bank for Liquidity Management RZB/Raiffeisen International (CEE, 2009)
Best Provider of Money Market Funds RZB (CEE, 2009)
Best Bank for Risk Management RZB/Raiffeisen International (CEE, 2009)

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:

COUNTRY WINNERS Bank Austria (National, 2011)

2010:

COUNTRY WINNERS ANZ (National, 2010)
COUNTRY WINNERS Bank Austria (National, 2010)

2009:

COUNTRY WINNERS Bank Austria (National, 2009)

WORLD'S BEST DEVELOPED MARKET BANKS

2011:

Raiffeisen Bank International (National, 2011)

2010:

RZB (National, 2010)

2009:

Bank Austria (Europe, 2009)

WORLD'S BEST BANKS

2011:

REGIONAL Raiffeisen Bank International (CEE, 2011)

WORLD'S BEST INTERNET BANKS

2011:

COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)

2010:

COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (National, 2010)

2009:

COUNTRY WINNERS / Best Corporate/Institutional Internet Banks Citi (2009)

WORLD'S BEST EMERGING MARKET BANKS

2010:

REGIONAL WINNER RZB / Raiffeisen International (Central and Eastern Europe, 2010)

2009:

REGIONAL WINNER RZB / Raiffeisen International (Central and Eastern Europe, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:

COUNTRY WINNERS UniCredit (National, 2011)

2010:

COUNTRY WINNERS UniCredit (National, 2010)

2009:

REGIONAL WINNERS RZB (C & E Europe, 2009)
COUNTRY WINNERS RZB (National, 2009)

CENTRAL BANKER REPORT CARD

2010:

Grade: A (Jean-Claude Trichet, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011:

COUNTRY WINNERS Bank Austria (National, 2011)

ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE

Austria GDP Data & Country Report | Global Finance

WORLD'S BEST FOREIGN EXCHANGE BANKS

2010:

2009:

WORLD'S BEST TREASURY & CASH MANAGEMENT BANKS & PROVIDERS

2011:

2010:

2009:

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2011:

2010:

2009:

WORLD'S BEST DEVELOPED MARKET BANKS

2011:

2010:

2009:

WORLD'S BEST BANKS

2011:

WORLD'S BEST INTERNET BANKS

2011:

2010:

2009:

WORLD'S BEST EMERGING MARKET BANKS

2010:

2009:

WORLD'S BEST SUB CUSTODIANS

2011:

2010:

2009:

CENTRAL BANKER REPORT CARD

2010:

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2011: