Economic Trivia

Next to a highly developed industry, international tourism is the most important part of the national economy.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2021): Germany, Italy, and Switzerland
Top 3 Exported Goods (2021): Industrial Machinery, Electrical Machinery, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Construction; Machinery; Vehicles and Parts; Food

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $614,311,807,505 (2022)
GDP Growth Rate (annual %) 4.997% (2022)
GDP Per Capita, PPP (current international) $67,936 (2022)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 41/197 (2022)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 8.547% (2022)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 51.4% (2019)
Real Interest Rate (5 year average %) 3.96% (2016)
Manufacturing, value added (% of GDP) 15.553% (2022)
Current Account Balance (BoP, current US$) $1,626,883,167 (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,774,187 (2022)
Employment in Agriculture (% of total employment) 3.734% (2021)
Employment in Industry (% of total employment) 25.625% (2021)
Employment in Services (% of total employment) 70.641% (2021)
Unemployment Rate 4.707% (2022)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $279,724,658,442 (2022)
Exports of goods and services (current US$) $286,559,955,030 (2022)
Total Merchandise Trade (% of GDP) 94.204% (2022)
FDI, net inflows (BoP, current US$) ($1,408,908,485) (2022)
Commercial Service Exports (current US$) $68,845,112,123 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Austria’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank