Austria is one of the most developed countries in Europe . It is a member of the European Union (since 1995).
Almost all sectors of the economy are developed in the country, starting from tourism (about 15 million people visit the country annually) and ending with aerospace technologies. The main branches of industrial production are machine building (transport and agricultural), machine tool building and equipment manufacturing for other industries. Its main centers are the cities of Vienna , Graz , Linz and Steyr .
| Austrian economy | |
|---|---|
 Donaustadt , Vienna | |
| Currency | Euro |
| Fiscal year | calendar |
| International the organization | WTO , OECD , EU |
| Statistics | |
| GDP | $ 387.3 billion (2015 face value) $ 415.9 billion (2016, PPP) [1] |
| Place by GDP | 47 PPP [1] |
| GDP growth | 1.4% (2016) [1] |
| GDP per capita | $ 47,900 (2016, PPP) [1] |
| GDP by sector | agricultural complex: 1.3%; production: 28.1%; services: 70.6% (2016) [1] |
| End-use GDP structure | Private consumption: 52.7% state consumption: 20% fixed investment: 22.8% investment in inventories: 0.4% export of goods and services: 53.1% import of goods and services: -49% (2016) [1] |
| Inflation ( CPI ) | 0.9% (2016) [1] |
| Gross National Savings | 25.1% of GDP (2016) [1] |
| Population below the poverty line | 4% (2014) [1] |
| Gini coefficient | 29.2 (2013) [1] |
| Economically active population | 3.944 million (2016) [1] |
| Employed population by sector | agricultural sector: 0.7%, production: 25.3%, services: 74% (2015) [1] |
| Pre-tax average salary | € 2688 / $ 3026 per month (2017) |
| Post-tax average salary | € 1848 / $ 2080 per month (2017) |
| Unemployment rate | 6.1% (2016) [1] |
| Major industries | construction, equipment, vehicles and spare parts, food, metals, chemicals, lumber, paper and cardboard, communication equipment, tourism. S \ X : grain, potatoes, wine, fruits; dairy products, cattle, pigs, poultry; lumber and other forestry products [1] |
| EDBI | 19th place (2017) [2] |
| International trade | |
| Export | $ 141.9 billion (2016) [1] |
| Export Articles | machinery and equipment, automobiles and spare parts, paper and cardboard, metal products, chemistry, iron and steel, textiles, food [1] |
| Export partners |  29.4% 6.4% 6.1% 5.7% 4.4% 4.2% (2015) [1] |
| Import | $ 138.6 billion (2016) [1] |
| Import Articles | machinery and equipment, automobiles, chemistry, metal products, oil and its products; food [1] |
| Import partners | 41.5% 6.3% 6% 4.2% (2015) [1] |
| Public finance | |
| State debt | 85.8% of GDP (2016) [1] |
| External debt | $ 689.1 billion (March 31, 2016) [1] |
| Budget deficit | -1.4% of GDP (2016) [1] |
| Government revenue | $ 187.3 billion [1] |
| Government spending | $ 192.6 billion (2016) [1] |
| Bank loan rate for reliable borrowers | 1.8% (December 31, 2016) [1] |
| Narrow monetary base | $ 203.1 billion (December 31, 2016) [1] |
| Wide monetary base | $ 319.3 billion (December 31, 2016) [1] |
| Bank lending non-profit organizations and individuals | $ 467 billion (December 31, 2016) [1] |
| Market value of publicly traded shares | $ 96.08 billion (December 31, 2015) [1] |
| current account balance | $ 10.19 billion (2016) [1] |
| Financial reserves | $ 22.24 billion (December 31, 2015) [1] |
| Inbound foreign direct investment | $ 304.7 billion (December 31, 2016) [1] |
| Outbound Foreign Direct Investment | $ 363.6 billion (December 31, 2016) [1] |
The main share in the country's economy is the service sector (65.8%). Industry accounts for 32.3%, and agriculture - 1.7%.
In 2002, the single currency, the Euro , was introduced. Austria maintains economic ties with 150 countries of the world .
To attract foreign firms, the Austrian Business Agency was created, which provides information on the economic situation in the country.
Content
Statistics
The following table shows the main economic indicators for 1980-2018. Inflation less than 2% is indicated by a green arrow. [3] [4]
| Year | GDP (PPP) (in billions of Euros) | GDP per capita (PPP) (in dollars Euro) | GDP growth (real) | Inflation rate (in percents) | Unemployment (in percents) | State debt (as a percentage of GDP) |
|---|---|---|---|---|---|---|
| 1980 | 76.0 | 10.076 | ▲ 2.3% | ▲ 6.3% | 1.6% | n / a |
| 1981 | ▲ 80.9 | ▲ 10,705 | ▼ −0.1% | ▲ 6.8% | ▲ 2.2% | n / a |
| 1982 | ▲ 86.3 | ▲ 11,477 | ▲ 1.9% | ▲ 5.4% | ▲ 3.1% | n / a |
| 1983 | ▲ 92.5 | ▲ 12,266 | ▲ 2.8% | ▲ 3.3% | ▲ 3.7% | n / a |
| 1984 | ▲ 97.1 | ▲ 12,875 | ▲ 0.3% | ▲ 5.7% | ▲ 3.8% | n / a |
| 1985 | ▲ 102.4 | ▲ 13,561 | ▲ 2.2% | ▲ 3.2% | ▼ 3.6% | n / a |
| 1986 | ▲ 107.6 | ▲ 14,240 | ▲ 2.3% | ▲ 1.7% | ▼ 3.1% | n / a |
| 1987 | ▲ 111.7 | ▲ 14,765 | ▲ 1.7% | ▲ 1.4% | ▲ 3.8% | n / a |
| 1988 | ▲ 119.6 | ▲ 15,789 | ▲ 1.0% | ▲ 1.9% | ▼ 2.7% | 57.5% |
| 1989 | ▲ 128.0 | ▲ 16,849 | ▲ 3.9% | ▲ 2.2% | ▼ 2.3% | ▼ 56.3% |
| 1990 | ▲ 137.5 | ▲ 17,989 | ▲ 4.3% | ▲ 2.8% | ▲ 2.7% | ▼ 55.9% |
| 1991 | ▲ 147.4 | ▲ 19,121 | ▲ 3.4% | ▲ 3.1% | ▲ 3.2% | ▲ 56.1% |
| 1992 | ▲ 155.8 | ▲ 19.972 | ▲ 2.0% | ▲ 3.4% | ▲ 3.3% | ▼ 56.0% |
| 1993 | ▲ 160.9 | ▲ 20,412 | ▲ 0.5% | ▲ 3.2% | ▲ 4.0% | ▲ 60.6% |
| 1994 | ▲ 168.9 | ▲ 21,305 | ▲ 2.4% | ▲ 2.7% | ▼ 3.9% | ▲ 63.7% |
| 1995 | ▲ 176.6 | ▲ 22,216 | ▲ 2.7% | ▲ 1.6% | ▲ 4.2% | ▲ 67.9% |
| 1996 | ▲ 182.5 | ▲ 22,935 | ▲ 2.4% | ▲ 1.8% | ▲ 4.7% | ▼ 67.8% |
| 1997 | ▲ 188.7 | ▲ 23,685 | ▲ 1.9% | ▲ 1.2% | ▲ 4.8% | ▼ 63.1% |
| 1998 | ▲ 196.3 | ▲ 24,615 | ▲ 3.6% | ▲ 0.8% | ▼ 4.7% | ▼ 68.8% |
| 1999 | ▲ 203.9 | ▲ 25,506 | ▲ 3.6% | ▲ 0.5% | ▼ 4.1% | ▼ 61.1% |
| 2000 | ▲ 213.6 | ▲ 26,662 | ▲ 3.4% | ▲ 2.0% | ▼ 3.9% | ▲ 65.7% |
| 2001 | ▲ 220.5 | ▲ 27,420 | ▲ 1.3% | ▲ 2.3% | ▲ 4.0% | ▲ 66.4% |
| 2002 | ▲ 226.7 | ▲ 28,054 | ▲ 1.7% | ▲ 4.4% | ▲ 4.4% | ▲ 67.0% |
| 2003 | ▲ 231.9 | ▲ 28,561 | ▲ 0.9% | ▲ 1.3% | ▲ 4.8% | ▼ 64.9% |
| 2004 | ▲ 242.3 | ▲ 29,665 | ▲ 2.7% | ▲ 2.0% | ▲ 5.5% | ▼ 64.8% |
| 2005 | ▲ 254.1 | ▲ 30,890 | ▲ 2.2% | ▲ 2.1% | ▲ 5.7% | ▲ 68.3% |
| 2006 | ▲ 267.8 | ▲ 32,393 | ▲ 3.5% | ▲ 1.8% | ▼ 5.2% | ▼ 67.0% |
| 2007 | ▲ 284.0 | ▲ 34,234 | ▲ 3.7% | ▲ 2.2% | ▼ 4.9% | ▼ 64.7% |
| 2008 | ▲ 293.8 | ▲ 35,301 | ▲ 1.5% | ▲ 3.2% | ▼ 4.1% | ▲ 68.4% |
| 2009 | ▼ 288.0 | ▼ 34,531 | ▼ −3.8% | ▲ 0.4% | ▲ 5.3% | ▲ 79.6% |
| 2010 | ▲ 295.9 | ▲ 35,390 | ▲ 1.8% | ▲ 1.7% | ▼ 4.8% | ▲ 82.4% |
| 2011 | ▲ 310.1 | ▲ 36,971 | ▲ 2.9% | ▲ 3.5% | ▼ 4.6% | ▼ 82.2% |
| 2012 | ▲ 318.7 | ▲ 37,816 | ▲ 0.7% | ▲ 2.6% | ▲ 4.9% | ▼ 81.6% |
| 2013 | ▲ 323.9 | ▲ 38,209 | ▬ 0.0% | ▲ 2.1% | ▲ 5.3% | ▼ 81.0% |
| 2014 | ▲ 333.1 | ▲ 38,992 | ▲ 0.7% | ▲ 1.5% | ▲ 5.6% | ▲ 83.8% |
| 2015 | ▲ 344.3 | ▲ 39.893 | ▲ 1.1% | ▲ 0.8% | ▲ 5.7% | ▲ 84.3% |
| 2016 | ▲ 356.2 | ▲ 40,760 | ▲ 2.0% | ▲ 1.0% | ▲ 6.0% | ▼ 83.7% |
| 2017 | ▲ 369.9 | ▲ 41,964 | ▲ 2.6% | ▲ 2.2% | ▼ 5.5% | ▼ 78.8% |
| 2018 | ▲ 387.4 | ▲ 43,598 | ▲ 2.7% | ▲ 2.1% | ▼ 4.9% | ▼ 74.2% |
Agriculture
In Austria, agriculture is well developed. The basis of agriculture is dairy farming .
Also developed are viticulture , cereal production, pig farming and fruit growing . Sown areas occupy 4.1 million hectares (approximately half of the country's area)
Industry
The main center of ferrous and non-ferrous metallurgy is Ranshofen .
The basis of all light industry in Austria is textile , leather, shoe and sewing. The forestry, woodworking and pulp and paper industries are well developed.
The country also specializes in modern branches of the electrical and electronic industries. High technology and manufacturing are developing.
Trade
As a land country, Austria conducts trade with other countries, mainly exporting and importing goods by rail. Through the Danube River , which is of international importance, the country has access to the sea. The main ports on the river are Linz and Vienna.
Export items in Austrian trade are heavy industry products: equipment, machine tools, ferrous metals, as well as consumer goods (consumer goods) (about 1/2 of all exports), stationery and food. In 2009, exports totaled $ 129 billion.
The country imports mainly consumer goods , which account for about half of all imports, as well as finished products. The total value of imported goods in 2009 was 136 billion dollars.
About 2/3 (60.2% of exports and 65.8% of imports) of goods turnover falls on the EU countries. Germany is Austria's main trading partner, accounting for about 36.1% of its total turnover. The country also maintains close economic ties with Italy , France , Switzerland, and Hungary . Recently, the share of Eastern European countries in Austrian trade has been growing 17.5% of exports and 13.2% of imports (excluding CIS countries )
Employment
In 2009, the country's unemployment rate was 4.7%, and inflation - 0.4%
Population Incomes
As of 2017, the average wage in Austria is € 2688 (gross) and € 1848 (net) per month.
Notes
- ↑ 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 Austria: CIA Fact Book . www.cia.gov. Date of appeal April 15, 2017.
- ↑ Ease of Doing Business in Austria . Doingbusiness.org. Date of treatment January 23, 2017.
- ↑ Report for Selected Countries and Subjects (English ) ? . Date of appeal September 1, 2018.
- ↑ Report for Selected Countries and Subjects . www.imf.org . Date of treatment April 12, 2019.