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. The budget deficit stood at 1.4% of GDP in 2016 and public debt reached a post-war high of 86.2% of the GDP in 2015.
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
1.8% (2016 est.)
Labor Force
3.944 million (2016 est.)
Labor Force by Occupation
Agriculture: 0.7%
Industry: 25.3%
Services: 74% (2015 est.)
Unemployment Rate
5.7% (2015 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: $191.5 billion
Expenditures: $197.5 billion (2016 est.)
Public Debt
85.5% of GDP (2015 est.)
Commercial Bank Prime Lending Rate
Stock of Narrow Money
$193.9 billion (31 December 2015 est.)
Stock of Broad Money
$317.2 billion (31 December 2015 est.)
Stock of Domestic Credit
$462.9 billion (31 December 2015 est.)
Market Value of Publicly Traded Shares
$117.7 billion (31 December 2013 est.)
Reserves of Foreign Exchange and Gold
$22.24 billion (31 December 2015 est.)
Debt External
$679.3 billion (31 March 2015 est.)
Stock of Direct Foreign Investment at Home
$300.8 billion (31 December 2015 est.)
Stock of Direct Foreign Investment Abroad
$349.7 billion (31 December 2015 est.)
Exchange Rates
0.7752 (2012 est.)
