
Small Is Beautiful
Encouraged by government stimulus programs, banks are finding new ways to finance SMEs. Once the economy recovers, will the surge of interest recede?
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 23.2 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
USD 457.6 billion (2018, estimate)
Intl$ 463.2 billion (2018, estimate)
2014 | 2015 | 2016 | 2017 | 2018 |
0.7% | 1.1% | 2.0% | 2.6%* | 2.7%* |
*Estimate
USD 51,509.0 (2018, estimate)
(2018 estimate)
3.2% (2017)
OECD, data retrieved October 2019
2015 | 2016 | 2017 | 2018 | 2019 |
0.8% | 1.0% | 2.2% | 2.1%* | 1.5%* |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019 |
5.7% | 6.0% | 5.5% | 4.9%* | 5.1%* |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019 |
84.4% | 82.9% | 78.5% | 73.8%* | 70.7%* |
*Estimate
2015 | 2016 | 2017 | 2018 | 2019 |
-1.0% | -1.6% | -0.7% | 0.1% | 0.1% |
*Estimate
Standard & Poor's: AA+
Moody's: Aa1
Standard & Poor's / Moody's
2016 | 2017 | 2018 |
USD 121.0 billion | USD 150.6 billion | USD 116.8 billion |
Erste Group Bank, OMV Group, Raiffeisen Bank International, Voestalpine, Vienna Insurance Group, STRABAG, Verbund, Bawag Group, Uniqa
2.7% (2017 estimate)
53.1% (2015)
0.9% (2015)
1.2% (2015)
Machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, foodstuffs
Machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs
Germany 29.4%, US 6.4%, Italy 6.1%, Switzerland 5.7%, France 4.4%, Slovakia 4.2% (2015)
Germany 41.5%, Italy 6.3%, Switzerland 6%, Czech Republic 4.2% (2015)
2016 | 2017 | 2018 |
USD -8,170 million | USD 11,092 million | USD 7,618 million |
2016 | 2017 | 2018 |
USD -2,031 million | USD 10,563 million | USD -747 million |
2015 | 2016 | 2017 | 2018 |
USD 4,773 million | USD 16,894 million | USD -310 million | USD 4,055 million |
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: 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
19 out of 138 countries
(2016-2017)
Ranking: 28 / Score: 71.67 (Mostly free) (2017)
(100=totally free 0=totally repressed)
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.)
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.)
1990 | 2000 | 2010 | 2015 | 2020 |
7.65 million | 8.01 million | 8.36 million | 8.63 million | 9.01 million* |
1960 | 1980 | 2000 | 2018 |
64.7% | 65.4% | 60.2% | 58.3% |
30.5 (2012)
(0=perfect equality, 100=absolute inequality)
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 42.18% Mobile 157.41% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)