Austria Economic Statistics and Indicators

29, Jul 2021, EDT. 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.
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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 %.