BEST BANKS 2014: EUROPE

BEST BANKS 2014: EUROPE

The region battled continuing recession or, at best, slow growth, a tightening regulatory environment and country-specific banking taxes or fines for past misdemeanors.

 
 
Source
Central bank

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

International Reserves

US$ 26.509 billion (Source: IMF; Data updated: 2014)

Gross Domestic Product - GDP

US$ 445 billion (2014 estimate)

GDP (Purchasing Power Parity)

373 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
0.8% 2.5% 2.4% 3.7% 3.7% 1.4% -3.8% 1.8%
2011 2012 2013 2014*        
2.8% 0.9% 0.4% 1.7%        

*Estimate

GDP per capita - current prices

US$ 52.216 (2014 estimate)

GDP per capita - PPP

$43,796 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.69% 0.61% 0.54% 0.44% 0.41%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 1.6% 
  • industry: 28.6% 
  • services: 69.8% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

2.7% (2011)

 

Inflation
2011 2012 2013 2014*
3.6% 2.6% 2.1% 1.8%

*Estimate

Unemployment rate
2011 2012 2013 2014*
4.2% 4.4% 4.9% 5.0%

*Estimate

Household saving rates

6.7% (Net saving; 2014 forecast)

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
72.3% 72.8% 74.1% 74.2% 79.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.5% -2.5% -2.5% -1.8% -3.0%

*Estimate 

Government bond ratings

Standard & Poor's: AA+

Moody's rating: Aaa

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2010 2011 2012*
US$NA US$82.37 billion US$106 billion

*Estimate 

Largest companies in Austria

OMZ Group, Raiffeisen Bank International, Erste Group Bank, Vienna Insurance Group, Voestalpine, Uniqua, Verbund, STRABAG, Volksbank, Andritz

 
 
Source
Current account balance

US$ 15.381 billion (2014 estimate)

Current account balance by percentage of GDP

3.457% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

57.4% (2013)

 

Shares in world total merchandising export

0.91%(2012)

 

Shares in world total commercial services export

1.37% (2012)

(Data were released in 2014)

Total exports

US$165.600 billion (2013 estimate) 

Export commodities

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

Total imports

US$ 167.900 billion (2013 estimate) 

 
 
Source
Import commodities

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

Exports - major partners

Germany 29.31%, Italy 6.25%, Switzerland 5.08%, United States 5%, France 4.27% (2013 est.)

Imports - major partners

Germany 40.39%, Italy 6.13%, Switzerland 5.36% (2013 est.)

FDI inflows
2011 2012 2013
US$ 10,618 million US$ 3,939 million US$ 11,083 million
FDI outflows
2011 2012 2013  
US$ 21,878 million US$ 17,059 million US$ 13,940 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 1,525 million US$ 3,733 million US$ 1,835 million US$ 8,813 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Donata Holdings SE, DE Master Blenders 1753 BV, Netherlands, 8.3; OMV AG, Statoil ASA, Norway, 3.2

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 30 out of 185 countries (2013)

Subcategories:

Starting a business: 138 out of 189 countries

Enforcing Contracts: 6 out of 189 countries

Registering Property: 36 out of 189 countries

Getting credit: 28 out of 189 countries

Protecting investors: 98 out of 189 countries

Trading across border: 19 out of 189 countries

Paying Taxes: 79 out of 189 countries

Dealing with Construction Permits: 94 out of 189 countries

Getting Electricity: 28 out of 189 countries

Resolving Insolvency: 14 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

21

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 24 Score: 72.4 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
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 2012* 2017**
7.55 million 7.68 million 8.01 million 8.45 million 8.63 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2011
64.7% 65.4% 65.8% 67.7%
Population median age

42 years (2010)

Population growth rate

0.3% (2011)

Life expectancy

81 years (2010)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

29.15 (2000)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:1
Civil Liberties:1 (2011)

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

Source
Total telephone subscribers as % of population

195.05% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population

79.8% (Data were released in 2012 and refer to 2011)

Cost of living - Mercer 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)

Source
CO2 emissions(Metric tons of CO2 per capita)

7.4451 (Data were released in 2012 and refer to 2009)

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