Exchange rates: euros (EUR) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): (2013 est. Stalling cash flow hits almost half of Austrian businesses Unlike most of the other countries surveyed, businesses in Austria had been using a wide range of credit information sources prior to the pandemic and plan to continue Looking to 2021 presents picture of business uncertainty. note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): (2015) (2016 est.) [see also: Stock of direct foreign investment - at home country ranks ] (31 December 2013 est. It caused, ... (8.9) in 2020 by the Statistik Austria. 0.885 [see also: Stock of direct foreign investment - abroad country ranks ] (2013 est. (2017 est.) (2016 est. [see also: Stock of direct foreign investment - at home country ranks ] expenditures: 204.6 billion (2017 est.) $96.79 billion Imports: Stock of domestic credit: Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% (31 December 2017 est.) 147 (31 December 2017 est.) Debt - external: (2017 est.) 131 (2017) )country comparison to the world (CIA rank, may be based on non-current data): revenues: 201.7 billion (31 December 2013 est. 25 (2016 est. [see also: GDP - real growth rate country ranks ] [see also: GDP - composition, by end use - investment in inventories country ranks ] note: this is general government gross debt, defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year; it covers the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; as a percentage of GDP, the GDP used as a denominator is the gross domestic product in current year pricescountry comparison to the world (CIA rank, may be based on non-current data): (31 December 2015 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): 6% 57 [see also: Stock of domestic credit country ranks ] $214 billion 1% (31 December 2017 est.) Slides shown at a news conference with Holzmann on Tuesday showed the pandemic would knock 4.4 percentage points off GDP in 2020, which would mean a contraction of 3.2% from 2019. (2016 est. [see also: Inflation rate (consumer prices) country ranks ] ), Exports: Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): Market value of publicly traded shares: $149.5 billion 1.86% $96.79 billion )country comparison to the world (CIA rank, may be based on non-current data): (2015) note: this is general government gross debt, defined in the Maastricht Treaty as consolidated general government gross debt at nominal value, outstanding at the end of the year; it covers the following categories of government liabilities (as defined in ESA95): currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.3, excluding AF.34), and loans (AF.4); the general government sector comprises the sub-sectors of central government, state government, local government and social security funds; as a percentage of GDP, the GDP used as a denominator is the gross domestic product in current year pricescountry comparison to the world (CIA rank, may be based on non-current data): (2016 est.) [see also: Central bank discount rate country ranks ] Austria is an interesting case study in the context of the continuing difficulties the EU faces and the wide disparities between Member States in terms of recent trends and current situation. Fiscal year: calendar year (2017 est.) $214.7 billion (31 December 2017 est.) [see also: Reserves of foreign exchange and gold country ranks ] 0.885 $294.1 billion $23.36 billion Taxes and other revenues: 48.3% (of GDP) Market value of publicly traded shares: [see also: Stock of narrow money country ranks ] 0.903 We expect the contraction in output in 2020, although substantial, to be less than the euro zone average. (2017 est.) 19 Stock of direct foreign investment - abroad: (31 December 2017 est.) 21 25.5% of GDP (31 December 2014 est.) (2017) GDP in Austria averaged 178.51 USD Billion from 1960 until 2019, reaching an all time high of 455.51 USD Billion in 2018 and a record low of 6.59 USD Billion in 1960. The economy of Austria is that of a fully industrialized country, with a highly developed market economy, skilled labor force, and a very high standard of living for its population. (2017 est.) 0.903 investment in inventories: 1.6% (31 December 2017 est.) (2016 est. [see also: Current account balance country ranks ] 90, country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of narrow money country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Stock of broad money country ranks ] (2017 est.) $555.4 billion Austria’s economy is deeply tied to that of its northern neighbor, which consumes about a third of its exports -- a big part of which consists of supplies for the German car industry. Stock of direct foreign investment - at home: (2016 est.) [see also: Stock of direct foreign investment - at home country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. (31 December 2016 est. (2017 est. $214.7 billion 25 [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): 0.885 (31 December 2017 est.) [see also: GDP - composition, by end use - exports of goods and services country ranks ] (2017 est.) $23.36 billion $23.36 billion Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs [see also: Debt - external country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): [see also: Household income or consumption by percentage share - lowest 10% country ranks ] Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs $21.57 billion 25 Exports - commodities: machinery and equipment, motor vehicles and parts, manufactured goods, chemicals, iron and steel, foodstuffs (31 December 2010) (2017) $679.3 billion )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): note: this is the European Central Bank's rate on the marginal lending facility, which offers overnight credit to banks in the euro areacountry comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: (31 December 2017 est.) 35 [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2014 est.) $158.1 billion $96.79 billion $158.9 billion $156.7 billion Exchange rates: euros (EUR) per US dollar - Debt - external: Budget: 28 (31 December 2016 est. (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): [see also: Taxes and other revenues country ranks ] Imports: 0.885 Industries: construction, machinery, vehicles and parts, food, metals, chemicals, lumber and paper, electronics, tourism 27% of GDP (2017 est.) [see also: Budget - expenditures country ranks ] [see also: Stock of domestic credit country ranks ] (31 December 2016 est. 25 0.903 18 $679.3 billion $21.57 billion [see also: Imports country ranks ] [see also: Central bank discount rate country ranks ] 78.6% of GDP Market value of publicly traded shares: [see also: Central bank discount rate country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): $117.7 billion $294.1 billion 67 (2017 est.) Debt - external: (31 December 2010) [see also: Market value of publicly traded shares country ranks ] (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): (2016 est. 147 The ONB last week revised its inflation forecast down to 1.2% for this year because of the slump in oil prices. (2016 est.) (2017 est.) services: 70.3% (2016 est. 80 [see also: Reserves of foreign exchange and gold country ranks ] )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2017 est.) 110 (2017 est.) $271.4 billion $142.3 billion $117.7 billion (2017 est.) (31 December 2016 est. [see also: Stock of direct foreign investment - at home country ranks ] (2015 est. 32 3% (31 March 2015 est. )country comparison to the world (CIA rank, may be based on non-current data): 43 (2015 est.) (2017 est.) Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs 57 Austria underperforms the European Union in terms of real GDP growth with the average annual differential coming to 0.0% over the past 10 years (2009 - 2019). [see also: Household income or consumption by percentage share - highest 10% country ranks ] (2012 est.) 0.903 $8.313 billion $294.1 billion [see also: Market value of publicly traded shares country ranks ] (31 December 2016 est. 0.885 $214 billion (31 December 2017 est.) (2017 est.) (31 December 2016 est.) $679.3 billion $158.9 billion 25 (2017 est.) Stock of direct foreign investment - at home: $630.8 billion [see also: Debt - external country ranks ] 147 [see also: Central bank discount rate country ranks ] (31 December 2017 est.) [see also: Imports country ranks ] (2017) (31 December 2017) Reserves of foreign exchange and gold: 19 (2014)country comparison to the world (CIA rank, may be based on non-current data): Reserves of foreign exchange and gold: Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% )country comparison to the world (CIA rank, may be based on non-current data): $294.1 billion 83.6% of GDP (2017) 0% Exports: (31 December 2016 est. 1.57% $23.36 billion October 5, 2020. $214.7 billion Imports - commodities: machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products, natural gas; foodstuffs (31 December 2017 est.) (31 December 2017 est.) [see also: Exports country ranks ] 19 Exports: Imports: Exports: (31 March 2015 est. 83.6% of GDP [see also: Budget surplus (+) or deficit (-) country ranks ] $23.36 billion [see also: Labor force - by occupation - services country ranks ] (2017 est.) All suggestions for corrections of any errors about Austria Economy 2020 should be addressed to the CIA or the source cited on each page. Distribution of family income - Gini index: Market value of publicly traded shares: 43 Debt - external: (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): (2015 est.) $8.313 billion )country comparison to the world (CIA rank, may be based on non-current data): Industrial production growth rate: 6.5% (2017 est.) 111 industry: 25.2% (2016 est. (2012 est.) (2015 est.) $630.8 billion (31 December 2017 est.) 21 (2017 est.) [see also: GDP - composition, by end use - household consumption country ranks ] $117.7 billion 0.9214 19 country comparison to the world (CIA rank, may be based on non-current data): Public debt: investment in fixed capital: 23.5% (2017 est.) )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): $8.313 billion 6% 19 )country comparison to the world (CIA rank, may be based on non-current data): 21 (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): Stock of narrow money: $8.313 billion 28 (31 December 2017 est.) $7.859 billion (31 December 2016 est. [see also: GDP (official exchange rate) country ranks ] $158.9 billion revenues: 201.7 billion (2016 est. (2017 est. 0.885 (2016 est. Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% [see also: Stock of direct foreign investment - at home country ranks ] Distribution of family income - Gini index: [see also: Budget - expenditures country ranks ] Exchange rates: euros (EUR) per US dollar - )country comparison to the world (CIA rank, may be based on non-current data): 57 )country comparison to the world (CIA rank, may be based on non-current data): 32 (31 December 2016 est. Imports: (31 December 2016 est. 40 )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): (31 December 2016 est. )country comparison to the world (CIA rank, may be based on non-current data): 0.9214 (2016 est.) Stock of broad money: Central bank discount rate: 2.2% )country comparison to the world (CIA rank, may be based on non-current data): $149.5 billion (2016 est.) Reserves of foreign exchange and gold: )country comparison to the world (CIA rank, may be based on non-current data): lowest 10%: 2.8% (31 December 2016 est. 147, country comparison to the world (CIA rank, may be based on non-current data): 1.86% 30.5 [see also: Unemployment rate country ranks ] [see also: GDP - composition, by end use - household consumption country ranks ] 1.57% 0% (2017) $158.9 billion (31 December 2016 est. 25 GDP - composition, by end use: 5.5% ), Inflation rate (consumer prices): Exchange rates: euros (EUR) per US dollar - (31 December 2016 est. ), Exports - partners: Germany 29.4%, US 6.3%, Italy 6.2%, Switzerland 5.1%, France 4.8%, Slovakia 4.8% Stock of domestic credit: )country comparison to the world (CIA rank, may be based on non-current data): 21 government consumption: 19.5% $483.7 billion 28 investment in inventories: 1.6% Fiscal year: calendar year household consumption: 52.1% [see also: GDP - composition, by sector of origin - agriculture country ranks ] $50,000 0.885 (31 December 2015 est.) government consumption: 19.5% )country comparison to the world (CIA rank, may be based on non-current data): )country comparison to the world (CIA rank, may be based on non-current data): Austria's fiscal position compares favorably with other euro-zone countries. [see also: Labor force - by occupation - agriculture country ranks ] (2017 est. (2014 est.)
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