Source
Central bank

National Bank of the Republic of Austria

International Reserves

USD 30.44 billion (2020)
World Bank, last updated 12/16/2021

Gross Domestic Product - GDP

USD 481.21 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

GDP (Purchasing Power Parity)

USD 531.41 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Real GDP Growth
2017 2018 2019* 2020* 2021*
2.4% 2.6% 1.4% –6.2% 3.9%

*Estimate

GDP per capita - current prices

USD 53,793.37 (2021 estimate)

GDP per capita - PPP

USD 59,405.59 (2021 estimate)

GDP (PPP) - share of world total

0.37% (2021 estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 1.2% 
  • industry: 25.7%
  • services: 62.8%

(2018 estimate)

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

3.2% (2020)

 

Inflation
2017 2018 2019 2020* 2021*
2.2% 2.1% 1.5% 1.4% 2.5%

*Estimate

Unemployment Rate
2017 2018 2019 2020* 2021*
5.9% 5.2% 4.8% 5.4% 6.4%

*Estimate

Household saving rates

14.4% (2020)

Public debt (General government gross debt as a % of GDP)
2017 2018 2019 2020* 2021*
78.6% 74% 70.5% 83.2% 84.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2017 2018 2019 2020* 2021*
0.6% 1.4% 1.6% -7.8% -5.3%

*Estimate

Government bond ratings

Standard & Poor's: AA+

Moody's: Aa1

Standard & Poor's / Moody's 

(January 2022)

Market value of publicly traded shares

USD 132.1 billion (2020)

Largest companies

OMV Group, Erste Group Bank, Raiffeisen Bank International, Verbund, Vienna Insurance Group, STRABAG, Bawag Group, Voestalpine, Uniqa

 
 
Source
Current account balance

USD 7.7 billion (2021 estimate)
IMF - World Economic Outlook, October 2021

Current account balance by percentage of GDP

1.6% (2021 estimate)
IMF - World Economic Outlook, October 2021

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

51.4% (2020)

Shares in world total merchandising export

0.96% (2020)

Shares in world total commercial services export

1.3% (2020)

Total exports

USD 226.7 billion (2020 estimate)

Export commodities

Cars, packaged medical supplies, vehicle parts, medical vaccines/cultures, flavored water (2019)

Total imports

USD 211.7 billion (2020 estimate)

 
 
Source
Import commodities

Cars, vehicle parts, broadcasting equipment, refined petroleum, packaged medical supplies (2019)

Exports - major partners

Germany 28%, United States 7%, Italy 6%, Switzerland 5% (2019)

Imports - major partners

Germany 39%, Italy 7%, Czechia 5% (2019)

FDI inflows
2019 2020 2021
USD 5.3 billion USD 968 million USD -17.3 billion
FDI outflows
2019 2020 2021
USD 5.6 billion USD 10.9 billion USD -3.2 billion
Value of cross-border M&A, by country of purchaser
2017 2018 2019 2020
USD –310 million USD 4.1 billion USD 5.4 billion USD 3 billion
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

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

Best countries for doing business

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

Overall ranking:

27 out of 190 countries

Subcategories:

Starting a Business: 127 out of 190 countries
Dealing with Construction Permits: 49 out of 190 countries
Getting Electricity: 29 out of 190 countries
Registering Property: 31 out of 190 countries
Getting Credit: 94 out of 190 countries
Protecting Minority Investors: 37 out of 190 countries
Paying Taxes: 44 out of 190 countries
Trading across Borders: 1 out of 190 countries
Enforcing Contracts: 10 out of 190 countries
Resolving Insolvency: 22 out of 190 countries

Global competitiveness ranking

21 out of 141 countries

(2019)

Index of Economic Freedom

Ranking: 22 / Score: 73.8 (Mostly Free)

 
 
Source
Time zone

UTC+1

Total area

83,871 sq km

Capital

Vienna

Currency

Euros (EUR) 

Government type

Federal parliamentary republic

Languages

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

Religions

Catholic 57%, Eastern Orthodox 8.7%, Muslim 7.9%, Evangelical Christian 3.3%, other/none/unspecified 23.1% (2018 est.)

Total population
1990 2000 2010 2015 2020
7.65 million 8.01 million 8.36 million 8.64 million 8.92 million
 
 
Source
Urban population as % of total population
1960 1980 2000 2020
64.7% 65.4% 60.2% 58.7%
Population median age

44.5 years

Population growth rate

44.5 (2022 est.)

Life expectancy

82.3 years

Literacy

N/A

% of population living on less than $3.10 a day

0.7% (last available estimate, 2019)

Inequality of wealth distribution (Gini index)

30.2 (last available estimate, 2019)​

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Total score: 93/100

Status: Free

Political Rights: 37/40

Civil Liberties: 56/60 (2022)

Source
Total telephone subscribers as % of population

Fixed: 42.0%

Mobile: 119.0% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

87.5% (2020)

Mercer Cost of living index

N/A

CO2 emissions

7.1 metric tons per capita (2018)

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