Austria: Economy

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 (2014): Germany, Italy, and Switzerland
Top 3 Exported Goods (2014): Industrial Machinery, Electrical Machinery, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Construction; Machinery; Vehicles and Parts; Food

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $407,488,547,351 (2014)
GDP Growth Rate (annual %) 0.353% (2014)
GDP Per Capita, PPP (current international) $47,682 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 42/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 1.606% (2014)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 51.7% (2015)
Real Interest Rate (5 year average %) 5.348% (1999)
Manufacturing, value added (% of GDP) 18.45% (2014)
Current Account Balance (BoP, current US$) $8,437,134,360 (2014)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 4,468,626 (2014)
Employment in Agriculture (% of total employment) 4.3% (2014)
Employment in Industry (% of total employment) 26.1% (2014)
Employment in Services (% of total employment) 69.7% (2014)
Unemployment Rate 5% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $216,231,675,399 (2014)
Exports of goods and services (current US$) $232,634,893,946 (2014)
Total Merchandise Trade (% of GDP) 82.358% (2014)
FDI, net inflows (BoP, current US$) $8,202,110,358 (2014)
Commercial Service Exports (current US$) $66,669,573,446 (2014)
Click on a row to display its 5-year graph on the right.

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

Glossary