Austria – Fast Facts
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Austria is a high income OECD country, as to the classification made by the World Bank on the basis of income and region for the year 2006.
The banking and transport sector has contributed a lot to the economic development of Austria. As to the statistics the services sector provides around 60 percent of the total Gross Domestic Product. Major agricultural products of the country are potatoes, grains, livestock and forest products.
Austria is a high income OECD country, as to the classification made by the World Bank on the basis of income and region for the year 2006.
The banking and transport sector has contributed a lot to the economic development of Austria. As to the statistics the services sector provides around 60 percent of the total Gross Domestic Product. Major agricultural products of the country are potatoes, grains, livestock and forest products.
Important industries are machinery products, vehicles parts, food processing, chemicals, paper and paperboard and tourism. It is a leading producer of magnetite in the world.
