(31 December 2017 est.) $214 billion 0.885 )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% ), Stock of broad money: 111 (31 December 2016 est. note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): Labor force - by occupation: Exchange rates: euros (EUR) per US dollar - Market value of publicly traded shares: (31 December 2017 est.) $679.3 billion [see also: GDP - composition, by end use - exports of goods and services country ranks ] 0.885 (31 December 2017 est.) (2017 est.) 19 (31 December 2017 est.) note: this is general government gross debt, defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year; it covers the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; as a percentage of GDP, the GDP used as a denominator is the gross domestic product in current year pricescountry comparison to the world (CIA rank, may be based on non-current data): Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs This review process has now somewhat receded to the background as the current problems caused by the corona crisis have taken precedence,” the ONB said. Labor force: 4.26 million )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) $339.7 billion 110, country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $49,000 )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) 0.9214 Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs [see also: Exports country ranks ] $96.08 billion (31 December 2016 est. Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs [see also: Central bank discount rate country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 19 0.9214 (31 December 2016 est. (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 25 Budget surplus (+) or deficit (-): -0.7% (of GDP) 131 26.2% of GDP $555.4 billion ), Public debt: Gross national saving: [see also: Reserves of foreign exchange and gold country ranks ] Stock of direct foreign investment - at home: Debt - external: Stock of narrow money: (2013 est. [see also: Commercial bank prime lending rate country ranks ] 0.885 Fiscal year: calendar year [see also: Budget - revenues country ranks ] Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs 3% household consumption: 52.1% 35 $294.1 billion )country comparison to the world (CIA rank, may be based on non-current data): 0.7634 )country comparison to the world (CIA rank, may be based on non-current data): Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% Stock of narrow money: [see also: Stock of narrow money country ranks ] 0.885 19 40 0% (31 March 2015 est. Fiscal year: calendar year (31 December 2016 est. 25.5% of GDP 18 Central bank discount rate: (2016 est. The ONB last week revised its inflation forecast down to 1.2% for this year because of the slump in oil prices. lowest 10%: 2.8% Population below poverty line: 3% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) $96.08 billion (2015 est.) Now it's in a historic recession . Commercial bank prime lending rate: (31 December 2016 est. 67 Current account balance: (2014)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Market value of publicly traded shares country ranks ] 57 $483.7 billion (2017 est.) $96.79 billion (31 December 2017 est.) 83.6% of GDP (31 December 2016 est. [see also: Debt - external country ranks ] Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% $555.4 billion $630.8 billion 78.6% of GDP services: 74.1% 35 0.885 $339.7 billion Market value of publicly traded shares: 32 $8.313 billion (2013 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Public debt country ranks ] (2016 est. [see also: Stock of narrow money country ranks ] (2017 est.) 80 (31 December 2013 est. [see also: Commercial bank prime lending rate country ranks ] 0.903 Austria, with its well-developed market economy, skilled labor force, and high standard of living, is closely tied to other EU economies, especially Germany's. (31 December 2017 est.) (31 December 2016 est. (31 December 2016 est. 0.885 (31 December 2017 est.) (2015 est.) (2017) 1.86% 2.2% $214 billion (31 December 2014 est.) (2017) Commercial bank prime lending rate: $21.57 billion [see also: Distribution of family income - Gini index country ranks ] [see also: Exports country ranks ] 147 (31 December 2016 est. $158.9 billion Stock of direct foreign investment - at home: (31 December 2017 est.) (31 December 2016 est. $8.313 billion $149.5 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Facebook . services: 70.3% 67 (2017 est.) 0.903 )country comparison to the world (CIA rank, may be based on non-current data): Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% (2017 est.) [see also: Inflation rate (consumer prices) country ranks ] $214.7 billion $679.3 billion AUSTRIA The COVID-19 pandemic and related containment measures have strongly affected Austria’s economy, leading to a quarter-on-quarter contraction in GDP of 2.6% in 2020-Q1. 19 [see also: Budget - revenues country ranks ] (2017) (2017 est.) $555.4 billion [see also: Current account balance country ranks ] (2015 est.) [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Reserves of foreign exchange and gold: (31 December 2017 est.) [see also: Inflation rate (consumer prices) country ranks ] 0.7634 24h endurance challenge driving around the awesome landscape of the lake at Zell am See in Austria. 80 [see also: Labor force - by occupation - industry country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] Austria has implemented policies for innovation and business diversification in green and digital economy. 78.6% of GDP (31 December 2017 est.) investment in fixed capital: 23.5% Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs $96.08 billion (2017) Austria a beneficiat, de asemenea, de puternice relații comerciale cu țările din Europa Centrală, de Est și Sud-Est, în special în sectorul bancar și al asigurărilor. (31 December 2016 est. (2015 est.) [see also: Stock of broad money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $630.8 billion 0.885 Austria underperforms the European Union in terms of real GDP growth with the average annual differential coming to 0.0% over the past 10 years (2009 - 2019). (31 December 2015 est.) 21 [see also: Stock of narrow money country ranks ] [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Labor force - by occupation - agriculture country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): In the statement, the ONB said the outbreak had taken the ECB’s attention away from its ongoing policy review. [see also: Distribution of family income - Gini index country ranks ] Stock of narrow money: agriculture: 1.3% 0.903 (2015) (31 December 2014 est.) $630.8 billion (2014 est.) (2016 est. 1.86% [see also: Budget - expenditures country ranks ] 0.9214 )country comparison to the world (CIA rank, may be based on non-current data): (2017) 111 (2016 est. 5.5% $23.36 billion 25 Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs [see also: Debt - external country ranks ] (31 December 2014 est.) [see also: GDP - composition, by sector of origin - services country ranks ] 57 Imports: 26.2% of GDP Exchange rates: euros (EUR) per US dollar - [see also: Stock of domestic credit country ranks ] (2015) Popular support for the government is high, as the coalition led a robust response to the coronavirus pandemic. Stock of direct foreign investment - abroad: (31 December 2016 est. MAIN PARTNER. (31 December 2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] 21 $156.7 billion Reserves of foreign exchange and gold: [see also: Distribution of family income - Gini index country ranks ] Imports: [see also: Stock of narrow money country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] (31 December 2016 est. 0.7634 [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Budget surplus (+) or deficit (-) country ranks ] (2016 est. [see also: Labor force - by occupation - industry country ranks ] $214 billion 32 (31 December 2016 est. 25 )country comparison to the world (CIA rank, may be based on non-current data): 0.903 (2016 est. )country comparison to the world (CIA rank, may be based on non-current data): $23.36 billion )country comparison to the world (CIA rank, may be based on non-current data): Central bank discount rate: Gross national saving: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): Exchange rates: euros (EUR) per US dollar - ), Budget: industry: 25.2% (31 December 2017 est.) (2017 est.) (2017 est. (2015 est.) (31 December 2016 est. Reserves of foreign exchange and gold: Fiscal year: calendar year (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of domestic credit country ranks ] ), Population below poverty line: 3% (2017 est.) (2017) (2012 est.) (2017 est. [see also: Stock of direct foreign investment - at home country ranks ] $214.7 billion (31 December 2016 est. 57 (2016 est. $158.1 billion (31 December 2016 est. agriculture: 0.7% [see also: Imports country ranks ] (2014)country comparison to the world (CIA rank, may be based on non-current data): Public debt: [see also: Labor force - by occupation - services country ranks ] 147 28 note: this is general government gross debt, defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year; it covers the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; as a percentage of GDP, the GDP used as a denominator is the gross domestic product in current year pricescountry comparison to the world (CIA rank, may be based on non-current data): 0.885 $50,000 [see also: GDP - composition, by sector of origin - industry country ranks ] Stock of domestic credit: (31 December 2017 est.) government consumption: 19.5% (2017) $117.7 billion (31 December 2016 est. [see also: Stock of broad money country ranks ] Imports: 19 (31 December 2016 est. [see also: Labor force country ranks ] (2017 est.) (2017 est.) Several external risks, such as Austrian banks' exposure to Central and Eastern Europe, the refugee crisis, and continued unrest in Russia/Ukraine, eased in 2017, but are still a factor for the Austrian economy. Austria face comerț cu multe alte țări din Uniunea European ă, mai ales Germania. 28 32 )country comparison to the world (CIA rank, may be based on non-current data): (2016 est.) (31 December 2017 est.) (31 December 2016 est. 67 (2015 est.) 40 [see also: GDP - composition, by end use - government consumption country ranks ] Exchange rates: euros (EUR) per US dollar - Taxes and other revenues: 48.3% (of GDP) 37, country comparison to the world (CIA rank, may be based on non-current data): Inflation rate (consumer prices): [see also: Central bank discount rate country ranks ] [see also: Population below poverty line country ranks ] Budget: Exports: 21 (2015 est.) 0.903 [see also: GDP - composition, by end use - investment in inventories country ranks ] [see also: Budget surplus (+) or deficit (-) country ranks ] Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% )country comparison to the world (CIA rank, may be based on non-current data): Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - abroad country ranks ] In the first quarter of the year, the economy has been hard hit by the Covid-19 pandemic and subsequent containment measures paralyzing activity. Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs 21 [see also: Stock of direct foreign investment - abroad country ranks ] (2016 est. 0.903 57 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. Central bank discount rate: [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] [see also: Household income or consumption by percentage share - lowest 10% country ranks ] 0.885 (2017 est.) $630.8 billion [see also: GDP - composition, by sector of origin - agriculture country ranks ] $158.1 billion )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. (2017 est.) note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): (2015) Current account balance: )country comparison to the world (CIA rank, may be based on non-current data): $7.859 billion [see also: Stock of broad money country ranks ] (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Commercial bank prime lending rate: (2017 est.) (31 December 2016 est. agriculture: 0.7% Debt - external: $96.79 billion (2014 est.) 2.2% (2017 est.) (31 December 2016 est. (31 December 2017 est.) 21 $271.4 billion 90 Commercial bank prime lending rate: $23.36 billion [see also: Stock of direct foreign investment - at home country ranks ] [see also: Current account balance country ranks ] 0% [see also: Stock of broad money country ranks ] GDP - composition, by end use: )country comparison to the world (CIA rank, may be based on non-current data): Stock of broad money: 40 19 (31 December 2016 est.) 1.57% [see also: GDP - real growth rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) (2017) [see also: GDP - composition, by end use - household consumption country ranks ] 19 October 5, 2020. GDP - composition, by sector of origin: 0% $294.1 billion [see also: Stock of broad money country ranks ] (2016 est. Slides shown at a news conference with Holzmann on Tuesday showed the pandemic would knock 4.4 percentage points off GDP in 2020, which would mean a contraction of 3.2% from 2019. )country comparison to the world (CIA rank, may be based on non-current data): note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): $679.3 billion Debt - external: $21.57 billion (2015 est.) (2017 est.) $158.1 billion $149.5 billion Stock of direct foreign investment - abroad: (31 December 2017 est.) industry: 28.4% [see also: Household income or consumption by percentage share - lowest 10% country ranks ] $156.7 billion industry: 28.4% 0% (31 December 2014 est.) 18 (2016 est.) Stock of direct foreign investment - abroad: Stock of broad money: [see also: Current account balance country ranks ] 21 Industrial production growth rate: 6.5% (2014)country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017) Industries: construction, machinery, vehicles and parts, food, metals, chemicals, lumber and paper, electronics, tourism 78.6% of GDP 32 (2016 est.) $8.313 billion (31 December 2016 est.) Reserves of foreign exchange and gold: $117.7 billion [see also: Budget - expenditures country ranks ] [see also: Central bank discount rate country ranks ] Public debt: services: 70.3% (31 December 2017) $96.08 billion Stock of direct foreign investment - abroad: Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% $214.7 billion 32, country comparison to the world (CIA rank, may be based on non-current data): $630.8 billion )country comparison to the world (CIA rank, may be based on non-current data): 25 1.86% )country comparison to the world (CIA rank, may be based on non-current data): [see also: Industrial production growth rate country ranks ] (31 December 2016 est.) Stock of direct foreign investment - at home: $214 billion Current account balance: Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs Central bank discount rate: [see also: Current account balance country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $271.4 billion (2017 est.) NOTE: 1) The information regarding Austria on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. (2017 est.) $7.859 billion (31 December 2017 est.) 31 $117.7 billion Exposure to the Russian banking sector and a deep energy relationship with Russia present additional risks. $142.3 billion note: see entry for the European Union for money supply for the entire euro area; the European Central Bank (ECB) controls monetary policy for the 18 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money circulating within their own borderscountry comparison to the world (CIA rank, may be based on non-current data): Industrial production growth rate: 6.5% revenues: 201.7 billion 0.885 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) Reserves of foreign exchange and gold: [see also: GDP - composition, by end use - imports of goods and services country ranks ] 0.885 (2017 est.) 0.885 (2017 est.) (31 December 2016 est. (31 December 2015 est.) (31 December 2016 est. Changing economy, climate hit Austria’s Alpine pastures. $294.1 billion (2015 est.) (2012 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data):