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STRUCTURE OF THE ECONOMY
Among the various sectors of the economy of Austria, the service sector plays a very significant role with a percentage share of 65.9 in total Gross Domestic Product in 2003.
The percentage share of Industrial sector in total GDP has reached 31.7.
The percentage share of agriculture sector in total GDP has reached at 2.2 percent.
The average annual growth of labour force (%) from 1984-2004 is 0.5.
The Urban population as the percentage of the
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total population was 66 in the year 2004 in comparison to 77 in high-income countries.
AUSTRIA in the International Scenario
Austria became a member of the EU on January 1, 1995. Being one of the members of the Economic and monetary Union of the European Union the country is integrated with the member countries. On January 1,1999 the country introduced the new Euro currency. It is also a member of the OECD and WTO presently.
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