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Austria GDP and Economic Data

Country Report 2017 - Includes Austria real Gross Domestic Product growth rate, with latest forecasts and historical data, GDP per capita, GDP composition and breakdown by sector.

Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Austria economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Austria best banks and safest banks are also available.

The Most Peaceful Countries In The World 2019

The Most Peaceful Countries In The World 2019

Institute for Economics and Peace (IEP) reveals the most peaceful countries in the world. Despite living in the most peaceful century in human history, the world has become less peaceful over the last decade. 

 
 
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Central bank

Central Bank of the Republic of Austria

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International Reserves

USD 13.4 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

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Gross Domestic Product - GDP

USD 401.1 billion (2017, estimate)

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GDP (Purchasing Power Parity)

Intl$ 429.9 billion (2017, estimate)

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Real GDP growth
2006 2007 2008 2009 2010 2011 2012
3.4% 3.6% 1.6% -3.8% 1.9% 2.8% 0.8%
2013 2014 2015 2016* 2017*    
0.3% 0.4% 0.9% 1.4% 1.2%    

*Estimate

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GDP per capita - current prices

USD 45,798.9 (2017, estimate)

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GDP per capita - PPP

Intl$ 49,080.0 (2017, estimate)

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GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.64% 0.57% 0.49% 0.39% 0.3%

*Estimate

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GDP - composition by sector
  • agriculture: 1.3% 
  • industry: 28.1%
  • services: 70.6%

(2016 estimate)

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

3.1% (2015)

OECD, data retrieved January 2017

 

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Inflation
2013 2014 2015 2016* 2017*
2.1% 1.5% 0.8% 0.9% 1.5%

*Estimate

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Unemployment rate
2013 2014 2015 2016* 2017*
5.4% 5.6% 5.7% 6.2% 6.4%

*Estimate

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Household saving rates

7.3% (Total, 2015)

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Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
80.8% 84.3% 86.2% 84.9% 83.7%

*Estimate

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Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-1.3% -2.7% -1.2% -1.6% -1.5%

*Estimate

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Government bond ratings

Standard & Poor's: AA+

Moody's: Aa1

Standard & Poor's / Moody's (Updated January 2017)

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Market value of publicly traded shares
2013 2014 2015
USD 117.7 billion USD 96.8 billion USD 96.1 billion

*Estimate 

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Largest companies

Erste Group Bank, OMV Group, Raiffeisen Bank International, Voestalpine, Uniqa, Vienna Insurance Group, STRABAG, Andritz.

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Current account balance

USD 10.7 billion (2017 estimate)

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Current account balance by percentage of GDP

2.7% (2017 estimate)

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

53.1% (2015)

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Shares in world total merchandising export

0.9% (2015)

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Shares in world total commercial services export

1.2% (2015)

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Total exports

USD 141.9 billion (2016 estimate)

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Export commodities

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

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Total imports

USD 138.6 billion (2016 estimate)

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Import commodities

Machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs

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Exports - major partners

Germany 29.4%, US 6.4%, Italy 6.1%, Switzerland 5.7%, France 4.4%, Slovakia 4.2% (2015)

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Imports - major partners

Germany 41.5%, Italy 6.3%, Switzerland 6%, Czech Republic 4.2% (2015)

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FDI inflows
2013 2014 2015
USD 5,720 million USD 9,324 million USD 3,837 million
Source
FDI outflows
2013 2014 2015
USD 15,568 million USD 5,065 million USD 12,399 million
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Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 1835.4 million USD 10720.9 million USD 344.5 million USD 4771.1 million
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Cross-border M&A deals worth over $3 billion completed in 2014

N/A

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

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

N/A

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

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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: 19 out of 190 countries (2016)

Subcategories:

Starting a business: 111 out of 190 countries

Enforcing Contracts: 10 out of 190 countries

Registering Property: 30 out of 190 countries

Getting credit: 62 out of 190 countries

Protecting investors: 32 out of 190 countries

Trading across border: 1 out of 190 countries

Paying Taxes: 42 out of 190 countries

Dealing with Construction Permits: 49 out of 190 countries

Getting Electricity: 20 out of 190 countries

Resolving Insolvency: 20 out of 190 countries

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Global competitiveness ranking

19 out of 138 countries

(2016-2017)

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Index of Economic Freedom

Ranking: 28 / Score: 71.67 (Mostly free) (2017)

(100=totally free 0=totally repressed)

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Time zone

UTC+1

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Total area

83,871 sq km

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Capital

Vienna

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Currency

Euros (EUR) 

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Government type

Federal parliamentary republic

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Languages

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

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Religions

Catholic 73.8% (includes Roman Catholic 73.6%, other Catholic 0.2%), Protestant 4.9%, Muslim 4.2%, Orthodox 2.2%, other 0.8% (includes other Christian), none 12%, unspecified 2% (2001 est.)

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Total population
1990 2000 2010 2016* 2021*
7.645 million 8.012 million 8.361 million 8.691 million 8.991 million
Source
 
 
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Urban population as % of total population
1960 1980 2000 2015
65% 65% 66% 66%
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Population median age

43.8 years (2016 estimate)

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Population growth rate

0.51% (2016 estimate)

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Life expectancy

81.5 years (2016 estimate)

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Literacy

N/A

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% of population living on less than $3.10 a day

N/A

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Inequality of wealth distribution (Gini index)

30.5 (2012)

(0=perfect equality, 100=absolute inequality)

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Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2017)

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

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Total telephone subscribers as % of population

Fixed 42.18%   Mobile 157.41% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

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Internet users as % of total population

83.93% (2015)

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Mercer Cost of living index

Vienna: 54th (2016)

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CO2 emissions

7.4 (2013)
 

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World's Best Developed & Emerging Markets Banks

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World's Best Internet Banks

2013
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World’s Best Treasury & Cash Management Providers

2013

World's Best Subcustodian Banks

2013
2012
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2005
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World’s Best Investment Banks

2014
2013

World’s Best Foreign Exchange Providers

2013
2012
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World's Best Banks By Region

2014
2013
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2011
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World's Best Banks

2014
2013
2013

World’s Best Trade Finance Banks

2014
2012
2011
2010
2009
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Best of…

2012
2009
2005
2004

Additional Awards

2014
2013
2012
2010
2009
2008
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