Austria Economic Statistics and Indicators

13, Nov 2018, EST. Welcome to the Austria economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Austria › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 8,223,062 (July 2014 est.)
Area: total: 83,871 sq km ; land: 82,445 sq km ; water: 1,426 sq km
Natural Resources: oil, coal, lignite, timber, iron ore, copper, zinc, antimony, magnesite, tungsten, graphite, salt, hydropower
Capital: name: Vienna ; geographic coordinates: 48 12 N, 16 22 E ; time difference: UTC+1 (6 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

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. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Following several years of solid foreign demand for Austrian exports and record employment growth, the international financial crisis of 2008 and subsequent global economic downturn led to a sharp but brief recession. Austrian GDP contracted 3.8% in 2009 but saw positive growth of about 2% in 2010 and 2.7% in 2011. Growth fell to 0.6% in 2012. Unemployment did not rise as steeply in Austria as elsewhere in Europe, partly because the government subsidized reduced working hour schemes to allow companies to retain employees. The 2012 unemployment rate of 4.3% was the lowest within the EU. Stabilization measures, stimulus spending, and an income tax reform pushed the budget deficit to 4.5% in 2010 and 2.6% in 2011, from only about 0.9% in 2008. The international financial crisis of 2008 caused difficulties for Austria's largest banks whose extensive operations in central, eastern, and southeastern Europe faced large losses. The government provided bank support - including in some instances, nationalization - to support aggregate demand and stabilize the banking system. Austria's fiscal position compares favorably with other euro-zone countries, but it faces external risks, such as Austrian banks' continued exposure to Central and Eastern Europe as well as political and economic uncertainties caused by the European sovereign debt crisis. In 2011 the government attempted to pass a constitutional amendment limiting public debt to 60% of GDP by 2020, but it was unable to obtain sufficient support in parliament and instead passed the measure as a simple law. In March 2012, the Austrian parliament approved an austerity package consisting of a mix of expenditure cuts and new revenues that will bring public finances into balance by 2016. In 2012, the budget deficit rose to 3.1% of GDP.
More on the Austria Economy
More on the Austria Export, Import and Trade

Economic Indicator Listing
  For Austria in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) 0.876 %
GDP (Current Prices, National Currency)EUR 337.163 Billion.
GDP (Current Prices, US Dollars)US$ 374.124 Billion
GDP Deflator 108.78 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 36,223.81 .
GDP Per Capita (Current Prices, National Currency)EUR 39,404.33 .
GDP Per Capita (Current Prices, US Dollars)US$ 43,724.03
Output Gap, Percent of Potential GDP -1.272 %
GDP (PPP), US DollarsUS$ 404.293 Billion
GDP Per Capita (PPP), US DollarsUS$ 47,249.89
GDP Share of World Total (PPP) 0.356 %
Implied PPP Conversion Rate 0.834
Investment (% of GDP) 22.222 %
Gross National Savings (% of GDP) 25.82 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 121.515 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 0.8 %
Inflation, End of Year (Indexed to Year 2000) 122.831 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 1.2 %
Import Volume of All Items Including Goods and Services (Percent Change) 1.686 %
Import Volumes of Goods Only (Percent Change) 2.279 %
Export Volume of All Items Including Goods and Services (Percent Change) 1.685 %
Export Volumes of Goods Only (Percent Change) 1.599 %
Unemployment Rate (% of Labour Force) 5.73 %
Employment 3.535 Million
Population 8.556 Million
General government revenue (National Currency)EUR 169.722 Billions.
General government revenue (% of GDP) 50.338 %
General government total expenditure (National Currency)EUR 175.118 Billions.
General government total expenditure (% of GDP) 51.939 %
Total Government Net Lending/ Borrowing (National Currency)EUR -5.396 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -1.6 %
General Government Structural Balance (National Currency)EUR -0.817 Billion.
General Government Structural Balance (% Potential GDP) -0.239 %
Fiscal Year Gross Domestic Product, Current PricesEUR 337.163 Billions.
Current Account Balance (US Dollars)US$ 13.461 Billion
Current Account Balance (% GDP) 3.598 %
Economic Indicators for Austria 2015

GDP (Constant Prices, National Currency) for Austria in year 2015 is EUR 309.949 Billion.

GDP Growth (Constant Prices, National Currency) for Austria in year 2015 is 0.876 %.

GDP (Current Prices, National Currency) for Austria in year 2015 is EUR 337.163 Billion.

GDP (Current Prices, US Dollars) for Austria in year 2015 is US$ 374.124 Billion.

GDP Deflator for Austria in year 2015 is 108.78 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Austria in year 2015 is EUR 36,223.81 .

GDP Per Capita (Current Prices, National Currency) for Austria in year 2015 is EUR 39,404.33 .

GDP Per Capita (Current Prices, US Dollars) for Austria in year 2015 is US$ 43,724.03 .

Output Gap, Percent of Potential GDP for Austria in year 2015 is -1.272 %.

GDP (PPP), US Dollars for Austria in year 2015 is US$ 404.293 Billion.

GDP Per Capita (PPP), US Dollars for Austria in year 2015 is US$ 47,249.89 .

GDP Share of World Total (PPP) for Austria in year 2015 is 0.356 %.

Implied PPP Conversion Rate for Austria in year 2015 is 0.834 .

Investment (% of GDP) for Austria in year 2015 is 22.222 %.

Gross National Savings (% of GDP) for Austria in year 2015 is 25.82 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Austria in year 2015 is 121.515 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Austria in year 2015 is 0.8 %.

Inflation, End of Year (Indexed to Year 2000) for Austria in year 2015 is 122.831 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Austria in year 2015 is 1.2 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Austria in year 2015 is 1.686 %.

Import Volumes of Goods Only (Percent Change) for Austria in year 2015 is 2.279 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Austria in year 2015 is 1.685 %.

Export Volumes of Goods Only (Percent Change) for Austria in year 2015 is 1.599 %.

Unemployment Rate (% of Labour Force) for Austria in year 2015 is 5.73 %.

Employment for Austria in year 2015 is 3.535 Million .

Population for Austria in year 2015 is 8.556 Million .

General government revenue (National Currency) for Austria in year 2015 is EUR 169.722 Billions.

General government revenue (% of GDP) for Austria in year 2015 is 50.338 %.

General government total expenditure (National Currency) for Austria in year 2015 is EUR 175.118 Billions.

General government total expenditure (% of GDP) for Austria in year 2015 is 51.939 %.

Total Government Net Lending/ Borrowing (National Currency) for Austria in year 2015 is EUR -5.396 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Austria in year 2015 is -1.6 %.

General Government Structural Balance (National Currency) for Austria in year 2015 is EUR -0.817 Billion.

General Government Structural Balance (% Potential GDP) for Austria in year 2015 is -0.239 %.

Fiscal Year Gross Domestic Product, Current Prices for Austria in year 2015 is EUR 337.163 Billions.

Current Account Balance (US Dollars) for Austria in year 2015 is US$ 13.461 Billion.

Current Account Balance (% GDP) for Austria in year 2015 is 3.598 %.

* Source: IMF
Aggregate Indicators for Austria
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Austria
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Austria
  Natural Resources, Agricultural Products, Land Use and Water Use for Austria
  Nationality, Ethnic Groups, Languages and Religions for Austria
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Austria
  Age Structure, Median Age, Gender and Urbanization for Austria
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Austria
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Austria
  HIV, AIDS and Other Major Infectious Disease Rates for Austria
  Literacy Rate, Educational Expenditure and School Life Expectancy for Austria
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Austria
  Industries and Industrial Growth Production Rate for Austria
  Labor Force by Occupation for Austria
  Poverty Line, Gini Index, Household Income and Consumption for Austria
  National Budget and Public Debt for Austria
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Austria
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Austria
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Austria
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Austria
  Foreign Exchange Reserves and Gold Reserves for Austria
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Austria
  Exchange Rate Statistics for Austria
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Austria
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Austria
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Austria
  Television and Radio Statistics (TV Stats, Radio Stats) for Austria
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Austria
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Austria
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Austria
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Austria
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Austria
* Source: CIA
Internet Indicators for Austria
Indicators
  Number of Internet Users for Austria
  Internet Penetration Rate for Austria
  Number of Facebook Accounts for Austria
  Facebook Penetration Rate for Austria
* Source: IWS
Economic Freedom Indicators for Austria
Indicators
  Economic Freedom World Rank for Austria
  Government Spending for Austria
  Monetary Freedom for Austria
  Investment Freedom for Austria
  Financial Freedom for Austria
  Property Rights for Austria
  Economic Freedom Regional Ranking for Austria
  Freedom from Corruption for Austria
  Labor Freedom for Austria
  Tariff Rate for Austria
  Income Tax Rate for Austria
  Corporate Tax Rate for Austria
  Tax Burden % of GDP for Austria
  Government Expenditure % of GDP for Austria
  Business Freedom for Austria
  Trade Freedom for Austria
  Fiscal Freedom for Austria
  2016 Score for Austria
* Source: HFO
Austria Economic Indicators in other Years
  Austria Economic Indicators for Year 2021 (Forecast)
  Austria Economic Indicators for Year 2020 (Forecast)
  Austria Economic Indicators for Year 2019 (Forecast)
  Austria Economic Indicators for Year 2018 (Forecast)
  Austria Economic Indicators for Year 2017 (Forecast)
  Austria Economic Indicators for Year 2016 (Forecast)
Austria Economic Indicators for Year 2015 (Current)
  Austria Economic Indicators for Year 2014
  Austria Economic Indicators for Year 2013
  Austria Economic Indicators for Year 2012
  Austria Economic Indicators for Year 2011
  Austria Economic Indicators for Year 2010
  Austria Economic Indicators for Year 2009
  Austria Economic Indicators for Year 2008
  Austria Economic Indicators for Year 2007
  Austria Economic Indicators for Year 2006
  Austria Economic Indicators for Year 2005
  Austria Economic Indicators for Year 2004
  Austria Economic Indicators for Year 2003
  Austria Economic Indicators for Year 2002
  Austria Economic Indicators for Year 2001
  Austria Economic Indicators for Year 2000
  Austria Economic Indicators for Year 1999
  Austria Economic Indicators for Year 1998
  Austria Economic Indicators for Year 1997
  Austria Economic Indicators for Year 1996
  Austria Economic Indicators for Year 1995
  Austria Economic Indicators for Year 1994
  Austria Economic Indicators for Year 1993
  Austria Economic Indicators for Year 1992
  Austria Economic Indicators for Year 1991
  Austria Economic Indicators for Year 1990
  Austria Economic Indicators for Year 1989
  Austria Economic Indicators for Year 1988
  Austria Economic Indicators for Year 1987
  Austria Economic Indicators for Year 1986
  Austria Economic Indicators for Year 1985
  Austria Economic Indicators for Year 1984
  Austria Economic Indicators for Year 1983
  Austria Economic Indicators for Year 1982
  Austria Economic Indicators for Year 1981
  Austria Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International