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Browse 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.
From scandal to pandemic, Austria’s economy has had a long year.
USD 30.44 billion (2020)
World Bank, last updated 12/16/2021
USD 481.21 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
USD 531.41 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
2017 | 2018 | 2019* | 2020* | 2021* |
2.4% | 2.6% | 1.4% | –6.2% | 3.9% |
*Estimate
(2018 estimate)
3.2% (2020)
2017 | 2018 | 2019 | 2020* | 2021* |
2.2% | 2.1% | 1.5% | 1.4% | 2.5% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
5.9% | 5.2% | 4.8% | 5.4% | 6.4% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
78.6% | 74% | 70.5% | 83.2% | 84.2% |
*Estimate
2017 | 2018 | 2019 | 2020* | 2021* |
0.6% | 1.4% | 1.6% | -7.8% | -5.3% |
*Estimate
Standard & Poor's: AA+
Moody's: Aa1
Standard & Poor's / Moody's
(January 2022)
USD 132.1 billion (2020)
OMV Group, Erste Group Bank, Raiffeisen Bank International, Verbund, Vienna Insurance Group, STRABAG, Bawag Group, Voestalpine, Uniqa
USD 7.7 billion (2021 estimate)
IMF - World Economic Outlook, October 2021
1.6% (2021 estimate)
IMF - World Economic Outlook, October 2021
51.4% (2020)
0.96% (2020)
1.3% (2020)
Cars, packaged medical supplies, vehicle parts, medical vaccines/cultures, flavored water (2019)
Cars, vehicle parts, broadcasting equipment, refined petroleum, packaged medical supplies (2019)
Germany 28%, United States 7%, Italy 6%, Switzerland 5% (2019)
Germany 39%, Italy 7%, Czechia 5% (2019)
2019 | 2020 | 2021 |
USD 5.3 billion | USD 968 million | USD -17.3 billion |
2019 | 2020 | 2021 |
USD 5.6 billion | USD 10.9 billion | USD -3.2 billion |
2017 | 2018 | 2019 | 2020 |
USD –310 million | USD 4.1 billion | USD 5.4 billion | USD 3 billion |
N/A
(for a monthly update on M&A; click here )
N/A
(for a monthly update on M&A; click here )
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
21 out of 141 countries
(2019)
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.)
Catholic 57%, Eastern Orthodox 8.7%, Muslim 7.9%, Evangelical Christian 3.3%, other/none/unspecified 23.1% (2018 est.)
1990 | 2000 | 2010 | 2015 | 2020 |
7.65 million | 8.01 million | 8.36 million | 8.64 million | 8.92 million |
1960 | 1980 | 2000 | 2020 |
64.7% | 65.4% | 60.2% | 58.7% |
0.7% (last available estimate, 2019)
30.2 (last available estimate, 2019)
(0=perfect equality, 100=absolute inequality)
Total score: 93/100
Status: Free
Political Rights: 37/40
Civil Liberties: 56/60 (2022)
Fixed: 42.0%
Mobile: 119.0% (2020) (fixed-telephone subscribers and mobile-cellular subscribers)