Source
Central bank

National Bank of the Republic of Austria

International Reserves

USD 23.2 billion (2018)

International Monetary Fund (IMF), data retrieved October 2019

Gross Domestic Product - GDP

USD 457.6 billion (2018, estimate)

GDP (Purchasing Power Parity)

Intl$ 463.2 billion (2018, estimate)

Real GDP Growth
2014 2015 2016 2017 2018
0.7% 1.1% 2.0% 2.6%* 2.7%*

*Estimate

GDP per capita - current prices

USD 51,509.0 (2018, estimate)

GDP per capita - PPP

Intl$ 52,137.4 (2018, estimate)

GDP (PPP) - share of world total

0.34% (2019, estimate)

 
 
Source
GDP - composition by sector
  • agriculture: 1.2% 
  • industry: 25.4%
  • services: 62.7%

(2018 estimate)

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

3.2% (2017)

OECD, data retrieved October 2019

 

Inflation
2015 2016 2017 2018 2019
0.8% 1.0% 2.2% 2.1%* 1.5%*

*Estimate

Unemployment Rate
2015 2016 2017 2018 2019
5.7% 6.0% 5.5% 4.9%* 5.1%*

*Estimate

Household saving rates

6.8% (2017)

Public debt (General government gross debt as a % of GDP)
2015 2016 2017 2018 2019
84.4% 82.9% 78.5% 73.8%* 70.7%*

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2015 2016 2017 2018 2019
-1.0% -1.6% -0.7% 0.1% 0.1%

*Estimate

Government bond ratings

Standard & Poor's: AA+

Moody's: Aa1

Standard & Poor's / Moody's 

Market value of publicly traded shares
2016 2017 2018
USD 121.0 billion USD 150.6 billion USD 116.8 billion
Largest companies

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

 
 
Source
Current account balance

USD 10.6 billion (2018 estimate)

Current account balance by percentage of GDP

2.3 % (2018 estimate)

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

54.5% (2018)

Shares in world total merchandising export

0.95% (2018)

Shares in world total commercial services export

1.28% (2018)

Total exports

USD 253.3 billion (2018 estimate)

Export commodities

Machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs

Total imports

USD 235.5 billion (2018 estimate)

 
 
Source
Import commodities

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

Exports - major partners

Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% (2017)

Imports - major partners

Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2%(2017)

FDI inflows
2016 2017 2018
USD -8,170 million USD 11,092 million USD 7,618 million
FDI outflows
2016 2017 2018
USD -2,031 million USD 10,563 million USD -747 million
Value of cross-border M&A, by country of purchaser
2015 2016 2017 2018
USD 4,773 million USD 16,894 million USD -310 million USD 4,055 million
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: 31 / Score: 72 (Mostly free)(100=totally free 0=totally repressed)

 
 
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 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.)

Total population
1990 2000 2010 2015 2020
7.65 million 8.01 million 8.36 million 8.63 million 9.01 million*
 
 
Source
Urban population as % of total population
1960 1980 2000 2018
64.7% 65.4% 60.2% 58.3%
Population median age

44.2 years

Population growth rate

0.42% (2018 estimate)

Life expectancy

81.7 years (2018 estimate)

Literacy

N/A

% of population living on less than $3.10 a day

0.7% (last available estimate, 2015)

Inequality of wealth distribution (Gini index)

30.5 (last available estimate, 2015)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Free
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed: 42.4%

Mobile: 123.5%

(2018)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

87.71 % (2018)

Mercer Cost of living index

Vienna: 51st (2019)

CO2 emissions

6.87 metric tons per capita (2014)

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