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Economy of Austria

Population: 8.5 million in 20131

GDP: $416 billion in 20132

GDP per capita: $50,547 nominal3 ($44,149 PPP4) in 2013

GDP growth rate: 0.2% in 20135


GDP by Industry 20126

Industry sectorValue added ($ billions) 2012Percent of total
Other activities16543.9%
Wholesale, retail trade, restaurants and hotels7119.0%
Transport, storage and communication256.7%
Mining and utilities143.7%
Agriculture, hunting, forestry, fishing61.7%
Total value added376100%


Unemployment rate: 4.9% in 20137

Employment by Industry 20138
Employment sector Employees (thousands) 2013Percent of total
Wholesale trade, retail trade and repair of motor vehicles61014.6%
Human health and social work4079.8%
Public administration and defence2756.6%
Accommodation and food service2455.9%
Professional, scientific and technical2365.7%
Transportation and storage2155.2%
Agriculture, forestry and fishing1984.7%
Finance and insurance1473.5%
Administrative and support service1363.3%
Information and communication1142.7%
Other service1072.6%
Arts, entertainment and recreation721.7%
Real estate380.9%
Electricity, gas, steam and air conditioning290.7%
Water supply, sewerage and waste management210.5%
Activities of households as employers100.2%
Mining and quarrying70.2%
Extraterritorial organizations and bodies40.1%
Total employment4,175100%


Top 1 Corporation by Revenue 2013* 9

RankCorporationRevenue ($ billions) 2013Profit ($ billions) 2013Assets ($ billions) 12/31/13Industry
1OMV Group501.437Oil and gas

* Corporate data calculated using the exchange rate .8484 EUR = 1 USD


Household Wealth: $1.5 trillion (361% of GDP) in 201410

Household Wealth per Adult: $225,565 in 201410

Gini Coefficient: .263 in 200711


Central Government

Central Government Revenue: $200 billion (48% of GDP) in 201312

Central Government Expenditure: $212 billion (51% of GDP) in 201312

Central Government Budget Balance: -$12 billion (-3% of GDP)in 201312

Central Government Public Debt: $287 (69% of GDP) billion in Q3 2014*13

Central Government 10 Year Bond Interest Rate: 0.512% on Jan 16, 201514

* Public debt calculated using the exchange rate .8484 EUR = 1 USD

Government Funds


Tax Structure

Individual Income Tax Rates and Thresholds in 2013*15

Corporate Tax Rate: 25% in 201416

* Individual thresholds calculated using the exchange rate .8484 EUR = 1 USD

Monetary Policy

Money Supply (Euro area, M1): $6.85 trillion in Nov 2014* 17

Benchmark Interest Rate (Euro area): Main Refinancing rate = 0.05% in Sept 201418

Total Reserves: $23 billion (6% of GDP) in 201319

Exchange Rate: .8484 Euros = 1 U.S. Dollar on Jan 14, 201520

Inflation: 2.0% in 201321

* Money supply calculated using the exchange rate .8484 EUR = 1 USD

Financial Institutions

Top 10 Financial Institution by Assets 201222

RankFinancial InstitutionAssets ($ billions) 2012*
1Erste Group251
2UniCredit Austria244
3Raiffeisen Bank International160
4VB Verbund54
6Raiffeisenlandesbank Oberosterreich47
7Hypo Group Alpe-Adria40
8Raiffeisenlandesbank Niederoesterreich-Wien38

* Assets calculated using the exchange rate .8484 EUR = 1 USD

International Accounts

Exports: $165 billion (40% of GDP) in 201323

Imports: $168 billion (41% of GDP) in 201323

Trade Balance: -$3 billion (-1% of GDP) in 201323

Foreign Direct Investment Inflow: $11 billion (3% of GDP) in 201324

Foreign Direct Investment Outflow: $14 billion (3% of GDP) in 201324

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $1.2 billion (0.3% of GDP) in 201325


1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: OECD Stat Extracts, National Accounts, Quarterly Public Sector Debt (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: OECD Stat Extracts, Public Sector, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: ECB Monetary developments (Money supply) Go back
18. Source: ECB Key interest rates (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: OECD FDI in Figures (FDI data) Go back
25. Source: OECD Aid Statisitcs (Aid outflow) Go back