(2017 est. [see also: Imports country ranks ] 0.885 [see also: Stock of direct foreign investment - at home country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 0% (2017 est. (31 December 2017 est.) (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) 1% [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) $21.57 billion (31 December 2017 est.) $96.08 billion [see also: GDP - composition, by end use - household consumption country ranks ] $422 billion (31 December 2017 est.) (2017 est.) Stock of domestic credit: [see also: Budget - expenditures country ranks ], Taxes and other revenues: 48.3% (of GDP) )country comparison to the world (CIA rank, may be based on non-current data): 25 (2017 est.) [see also: GDP - composition, by sector of origin - agriculture country ranks ] 111 19 (2017 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. (2013 est. Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% (31 December 2017 est.) $271.4 billion (2017) )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): (2017 est.) Economia Austriei Sari la navigare Sari la căutare ... prosperă iar locuitorii ei beneficiază de un trai ridicat. )country comparison to the world (CIA rank, may be based on non-current data): $630.8 billion 83.6% of GDP Until the 1980s, many of Austria's largest industry firms were nationalised; in recent years, however, privatisation has reduced state holdings to a level comparable to other European economies. 0.903 Reserves of foreign exchange and gold: (2017 est.) 30.5 Commercial bank prime lending rate: (31 December 2016 est. $21.57 billion [see also: Labor force - by occupation - agriculture country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $149.5 billion Household income or consumption by percentage share: $156.7 billion 83.6% of GDP $8.313 billion $294.1 billion 0.903 [see also: Stock of direct foreign investment - abroad country ranks ] $555.4 billion note: data are in 2017 dollarscountry comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2016 est.) 83.6% of GDP (2016 est. $23.36 billion [see also: Market value of publicly traded shares country ranks ] (31 March 2015 est. (31 December 2017 est.) $158.1 billion [see also: Budget - expenditures country ranks ] (31 March 2015 est. $271.4 billion Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 98.34 Amplitude adjusted Long-term average = 100 Nov-2020 Austria Long-term average = 100 Household disposable income Indicator: 1.5 Net Annual growth rate (%) [see also: Stock of narrow money country ranks ] (2017 est.) [see also: Stock of direct foreign investment - abroad country ranks ] The main socio-economic indicators presented show Austria's position to be broadly satisfactory, especially compared with the rest of the euro area. )country comparison to the world (CIA rank, may be based on non-current data): 67 Stock of direct foreign investment - at home: (2017 est.) $7.859 billion (2016 est. 1% 2.2% 57 )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): 30.5 $7.859 billion $339.7 billion $271.4 billion 19 40 (2017 est.) (2015) 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): $158.9 billion Debt - external: 0% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $271.4 billion Fiscal year: calendar year (31 December 2016 est. (2016 est.) (2017 est.) People have been told to stay at home and work from there if possible. $214 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): The finish line is at the Großglockner at 2394 m altitude. (2014 est.) Stock of direct foreign investment - at home: Stock of direct foreign investment - at home: (2015 est.) (31 December 2015 est.) $96.79 billion Now it's in a historic recession . (2016 est. (2017 est.) 28 [see also: Debt - external country ranks ] (31 December 2013 est. (2015 est.) [see also: Budget - revenues country ranks ] Budget: $96.08 billion (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) (2017) Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs 19 )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): 32 $149.5 billion expenditures: 204.6 billion [see also: Budget - revenues country ranks ] 28 (31 December 2014 est.) (2014 est.) ), Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs, Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% [see also: Stock of direct foreign investment - abroad country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] 30.5 (31 March 2015 est. [see also: Reserves of foreign exchange and gold country ranks ] $679.3 billion 0.885 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): (31 December 2017 est.) $7.859 billion (31 December 2014 est.) $21.57 billion (31 December 2015 est.) 1% 0.9214 (2015 est.) [see also: Industrial production growth rate country ranks ] (2013 est. [see also: GDP - composition, by end use - government consumption country ranks ] GDP - composition, by sector of origin: 111 imports of goods and services: -50.7% )country comparison to the world (CIA rank, may be based on non-current data): $679.3 billion (2017 est.) ), Budget surplus (+) or deficit (-): -0.7% (of GDP) Austria elected a new pro-business government in October 2017 that campaigned on promises to reduce bureaucracy, improve public sector efficiency, reduce labor market protections, and provide positive investment incentives. 19 40 (2017 est.) $23.36 billion [see also: Stock of domestic credit country ranks ] 0% [see also: GDP - composition, by sector of origin - agriculture country ranks ] $149.5 billion (2017 est. (2013 est. 0.9214 $96.08 billion [see also: Taxes and other revenues country ranks ] (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): [see also: Distribution of family income - Gini index country ranks ] 0.7634 0.7634 Stock of direct foreign investment - at home: (31 December 2016 est. (31 December 2016 est. (31 December 2016 est. 25 (31 December 2016 est. [see also: Labor force - by occupation - services country ranks ] [see also: Central bank discount rate country ranks ] (31 December 2017 est.) $142.3 billion [see also: GDP - composition, by sector of origin - services country ranks ], Agriculture - products: grains, potatoes, wine, fruit; dairy products, cattle, pigs, poultry; lumber and other forestry products, Industries: construction, machinery, vehicles and parts, food, metals, chemicals, lumber and paper, electronics, tourism, Industrial production growth rate: 6.5% 0.9214 [see also: Budget - revenues country ranks ] [see also: GDP - composition, by end use - exports of goods and services country ranks ] (31 December 2016 est. Household income or consumption by percentage share: exports of goods and services: 54.2% 0.7634 $7.859 billion Stock of direct foreign investment - at home: [see also: Stock of narrow money country ranks ] $679.3 billion (2016 est. Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs (2017 est.) [see also: Stock of direct foreign investment - at home country ranks ] [see also: GDP - composition, by sector of origin - services country ranks ] $679.3 billion Reserves of foreign exchange and gold: [see also: Stock of direct foreign investment - abroad country ranks ] (31 December 2017 est.) 32 $339.7 billion Fiscal year: calendar year Commercial bank prime lending rate: $7.859 billion Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. (2015 est.) $7.859 billion )country comparison to the world (CIA rank, may be based on non-current data): GDP - real growth rate: (2017 est.) Changing economy, climate hit Austria’s Alpine pastures. (2014 est.) Stock of direct foreign investment - abroad: 19 (31 December 2016 est.) $271.4 billion 0% 21 Population below poverty line: 3% ), GDP (official exchange rate): $417.4 billion Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs Real GDP growth in 2020 - 2024 are IMF's estimates. 19 Stock of domestic credit: 0.9214 $156.7 billion 1.57% $23.36 billion (2017 est.) (2015 est.) (2017 est.) 1.57% $158.9 billion 32 [see also: Market value of publicly traded shares country ranks ] 25 )country comparison to the world (CIA rank, may be based on non-current data): The economy of Austria is that of a fully industrialized country, with a highly developed market economy, skilled labor force, and a very high standard of living for its population. [see also: GDP - real growth rate country ranks ] Stock of direct foreign investment - at home: (31 December 2016 est.) Labor force - by occupation: 21 [see also: Labor force - by occupation - services country ranks ] 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): (2017), Reserves of foreign exchange and gold: 40 (2012 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. (31 December 2016 est. [see also: Labor force - by occupation - services country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2017 est. 0.885 (2016 est. (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] 19 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Debt - external country ranks ] (2014 est.) 25 Exchange rates: euros (EUR) per US dollar - [see also: Debt - external country ranks ] Stock of broad money: 40 $158.9 billion 27% of GDP (31 December 2017 est.) 0.7634 83.6% of GDP (2017 est.) (2017 est.) (2012 est.) $23.36 billion [see also: Central bank discount rate country ranks ] 80, country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) exports of goods and services: 54.2% (2017 est.) Agriculture - products: grains, potatoes, wine, fruit; dairy products, cattle, pigs, poultry; lumber and other forestry products (31 December 2016 est. 21 57 (31 December 2017 est.) (31 December 2017 est.) 0.885 (2017 est.) (2016 est.) 19 $214 billion (31 December 2016 est. (31 December 2017 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Commercial bank prime lending rate: (31 December 2016 est. 25 111 0.885 [see also: Stock of narrow money country ranks ] (2014)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): 30.5 Reserves of foreign exchange and gold: (31 December 2010) (31 December 2017 est.) Current account balance: 0.903 Debt - external: 21 (31 December 2016 est. 25 )country comparison to the world (CIA rank, may be based on non-current data): Its economy features a large service sector, a relatively sound industrial sector, and a small, but highly developed agricultural sector. 80 Stock of domestic credit: [see also: Stock of direct foreign investment - at home country ranks ] $23.36 billion $21.57 billion government consumption: 19.5% 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): 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): )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): (2017 est.) investment in fixed capital: 23.5% $271.4 billion highest 10%: 23.5% Reserves of foreign exchange and gold: (2017 est.) $23.36 billion 0.7634 $23.36 billion $117.7 billion )country comparison to the world (CIA rank, may be based on non-current data): 21 Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs [see also: GDP - composition, by end use - investment in inventories country ranks ] Current account balance: (31 December 2016 est. Public debt: Market value of publicly traded shares: (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs 0.885 We expect the contraction in output in 2020, although substantial, to be less than the euro zone average. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 21 )country comparison to the world (CIA rank, may be based on non-current data): $339.7 billion 25 (2017 est.) (2017 est. (31 December 2014 est.) $117.7 billion [see also: Stock of broad money country ranks ] Stock of domestic credit: [see also: GDP - composition, by sector of origin - agriculture country ranks ] Distribution of family income - Gini index: $142.3 billion (31 December 2014 est.) industry: 25.2% Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% GDP - composition, by end use: 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): Stock of direct foreign investment - abroad: Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs (31 December 2014 est.) (2017 est.) $158.1 billion (2012 est.) (2017 est. $7.859 billion [see also: Stock of narrow money country ranks ] Economic think-tank Wifo, which compiles GDP data for the government, last week predicted a 2.5% fall in GDP if lockdown measures were eased in May and the situation returns to normal in the summer. )country comparison to the world (CIA rank, may be based on non-current data): $483.7 billion $156.7 billion $483.7 billion Stock of broad money: (31 December 2017 est.) [see also: Exports country ranks ] Exchange rates: euros (EUR) per US dollar - Stock of domestic credit: [see also: Stock of domestic credit country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Labor force - by occupation - industry country ranks ] (31 December 2016 est. [see also: GDP - composition, by sector of origin - industry country ranks ] 28 ), Stock of broad money: 111, country comparison to the world (CIA rank, may be based on non-current data): By Agence France-Presse. agriculture: 0.7% (2016 est. Unemployment rate: [see also: Stock of broad money country ranks ] 67, country 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 $49,000 0.885 )country comparison to the world (CIA rank, may be based on non-current data): The ONB last week revised its inflation forecast down to 1.2% for this year because of the slump in oil prices. (2016 est.) (2013 est. (2016 est. 25 [see also: Reserves of foreign exchange and gold country ranks ] [see also: Population below poverty line country ranks ] Budget surplus (+) or deficit (-): -0.7% (of GDP) Austrian economic growth strengthen in 2017, with a 2.9% increase in GDP. [see also: Market value of publicly traded shares country ranks ] (2017 est.) (31 December 2017 est.) Stock of domestic credit: $149.5 billion (31 December 2016 est. (31 December 2017 est.) Budget surplus (+) or deficit (-): -0.7% (of GDP) Exchange rates: euros (EUR) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): (2017 est.) [see also: Stock of narrow money country ranks ] (2013 est. (2017 est.) Austria economic growth for 2018 was $497.69B, a 1.29% increase from 2018. 0% Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% [see also: Current account balance country ranks ] (31 December 2016 est. (2016 est.) $214.7 billion [see also: Gross national saving country ranks ] Stock of direct foreign investment - abroad: (2017 est.) 1.86% (2015 est.) [see also: Unemployment rate country ranks ] Stock of domestic credit: (31 December 2017 est.) 0.7634 (31 December 2017 est.) $158.9 billion (2016 est.) (31 December 2017) $271.4 billion $214.7 billion (31 December 2016 est. 5.5% [see also: Exports country ranks ] [see also: Reserves of foreign exchange and gold country ranks ] (2017 est.) ), Population below poverty line: 3% $214 billion 1.57% (31 December 2016 est.) $294.1 billion )country comparison to the world (CIA rank, may be based on non-current data): $339.7 billion (31 December 2017 est.) Stock of broad money: Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% 0.7634 revenues: 201.7 billion 5.5% [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): investment in inventories: 1.6% Central bank discount rate: (31 December 2016 est. Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% 32 (2014 est.) (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $23.36 billion (31 December 2017 est.) [see also: Exports country ranks ] (2014 est.) industry: 25.2% (31 December 2017 est.) [see also: Imports country ranks ] $158.9 billion )country comparison to the world (CIA rank, may be based on non-current data): [see also: GDP - composition, by end use - exports of goods and services country ranks ] $23.36 billion 2.2% 28 )country comparison to the world (CIA rank, may be based on non-current data): 0.903 (31 March 2015 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): (2017 est.) Exports: )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): [see also: Exports country ranks ] (2015 est.) (2017 est.) [see also: Exports country ranks ] (2017 est. )country comparison to the world (CIA rank, may be based on non-current data): 83.6% of GDP (2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] (2016 est. highest 10%: 23.5% 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): [see also: GDP - composition, by end use - government consumption country ranks ] (2017 est. Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs lowest 10%: 2.8% Imports - partners: Germany 41.8%, Italy 5.8%, Switzerland 5.5%, Czech Republic 4.4%, Netherlands 4.2% )country comparison to the world (CIA rank, may be based on non-current data): $555.4 billion (2015) [see also: Current account balance country ranks ] investment in fixed capital: 23.5% [see also: Current account balance country ranks ] (31 December 2017 est.) (2017 est.) (2016 est. (31 December 2016 est. [see also: Market value of publicly traded shares country ranks ] (2016 est.) $483.7 billion Imports: (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): $158.1 billion $158.1 billion 0.9214 (31 December 2017 est.) Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% $8.313 billion 0.903 (31 December 2016 est. (31 December 2017 est.) 0.885 (2017 est.) expenditures: 204.6 billion (2016 est. (2017 est. 18 )country comparison to the world (CIA rank, may be based on non-current data): [see also: Population below poverty line country ranks ] $96.08 billion industry: 28.4% $149.5 billion 0% $271.4 billion Market value of publicly traded shares: 78.6% of GDP )country comparison to the world (CIA rank, may be based on non-current data): (2015 est. )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% (2017 est.) (2016 est. Stock of narrow money: (2017 est.) 40 0.885 Reserves of foreign exchange and gold: Austria’s unemployment rate fell by 0.3% to 5.5%, which is low by European standards, but still at its second highest rate since the end of World War II, driven by an increased number of refugees and EU migrants entering the labor market. $149.5 billion $630.8 billion )country comparison to the world (CIA rank, may be based on non-current data): 0.9214 (31 December 2016 est.