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 (2018): Germany, Italy, and Czechia
Top 3 Exported Goods (2018): Industrial Machinery, Motor Vehicles & Parts, and Electrical Machinery

Top Industries Source: CIA World Factbook

Construction; Machinery; Vehicles and Parts; Food

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $502,771,138,676 (2018)
GDP Growth Rate (annual %) 2.42% (2018)
GDP Per Capita, PPP (current international) $56,871 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 41/196 (2018)

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 %) 1.531% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 51.4% (2019)
Real Interest Rate (5 year average %) 3.96% (2016)
Manufacturing, value added (% of GDP) 16.929% (2018)
Current Account Balance (BoP, current US$) $10,798,736,575 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 4,619,873 (2019)
Employment in Agriculture (% of total employment) 3.581% (2019)
Employment in Industry (% of total employment) 25.257% (2019)
Employment in Services (% of total employment) 71.163% (2019)
Unemployment Rate 4.674% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $236,905,274,735 (2018)
Exports of goods and services (current US$) $253,848,500,558 (2018)
Total Merchandise Trade (% of GDP) 83.143% (2018)
FDI, net inflows (BoP, current US$) $13,117,080,192 (2019)
Commercial Service Exports (current US$) $74,132,839,663 (2018)
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