Economy Overview
Although Austria's fiscal position compares favorably with other euro-zone countries, it faces several external risks, such as unexpectedly weak world economic growth threatening the export market, Austrian banks' continued exposure to Central and Eastern Europe, repercussions from the Hypo Alpe Adria bank collapse, political and economic uncertainties caused by the European sovereign debt crisis, the current refugee crisis, and continued unrest in Russia/Ukraine. Early signs point towards a slight improvement in 2016, driven by low interest rates on government debt. Currently, the budget deficit stands at 2.7% of GDP and public debt has reached a post-war high of 84.2% of the GDP.
Agriculture Products
grains, potatoes, wine, fruit; dairy products, cattle, pigs, poultry; lumber and other forestry products
Industries
construction, machinery, vehicles and parts, food, metals, chemicals, lumber, paper and paperboard, communications equipment, tourism
Industrial Production Growth Rate
0.8% (2015 est.)
Labor Force
3.889 million (2015 est.)
Labor Force by Occupation
Agriculture: 0.7%
Industry: 25.3%
Services: 74% (2015 est.)
Unemployment Rate
5.6% (2014 est.)
Population Below Poverty Line
4% (2014 est.)
Household Income or Consumption by Percentage Share
Lowest 10%: 2.8%
Highest 10%: 23.5% (2012 est.)
Distribution of Family Income Gini Index
26.3 (2007)
Budget
Revenues: $189.1 billion
Expenditures: $193.1 billion (2015 est.)
Public Debt
84.3% of GDP (2014 est.)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$191.8 billion (31 December 2014 est.)
Stock of Broad Money
$439.3 billion (31 December 2013 est.)
Stock of Domestic Credit
$507.2 billion (31 December 2014 est.)
Market Value of Publicly Traded Shares
$67.68 billion (31 December 2013 est.)
Reserves of Foreign Exchange and Gold
$24.94 billion (31 December 2014 est.)
Debt External
$740.1 billion (31 December 2014 est.)
Stock of Direct Foreign Investment at Home
$321 billion (31 December 2014 est.)
Stock of Direct Foreign Investment Abroad
$367.2 billion (31 December 2014 est.)
Exchange Rates
0.7185 (2011 est.)
