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Short overview: 1)
Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to the new EU economies. The poor growth values in the world economy and the neighbour-country Germany let the Austrian economy grow from the year 2001 to 2003 on average only about 1% annually. The current data however send positive signals and allow to expect that the economy recovers. The government counts on a growth of 1.7 - 2.1% in 2004 and about 2.5% in 2005...
Get to know more (in German):
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GROSS DOMESTIC PRODUCT (GDP
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GDP (purchasing power parity): 1)
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$267.6 billion (2005 est.)
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GDP - real growth rate: 1)
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1.9% (2005 est.)
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GDP per capita: 1)
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32.700 $ (2005 est.)
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- GDP - composition by sector (2004 est.): 1)
- agriculture: 2.3%
- industry:30.8%
- services: 66.9%
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| Inflation rate (consumer prices): 1) |
2.3% (2005) |
| Unemployment rate: 1) |
5.1% (2005 est.) |
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- Agricultural production: 1)
grains, potatoes, sugar beets, wine, fruits, dairy products, cattle, pigs, poultry, lumber
- Industries: 1)
construction, machinery, vehicles and parts, food, chemicals, lumber and wood processing, paper and paperboard, communications equipment, tourism
| Import volume: 1) |
$118.8 billion f.o.b. (2005 est.) |
| Import commodities: 1) |
- machinery
- vehicles
- chemicals
- metal goods
- oil and oil products
- foodstuffs
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Origin of imports (2005 est.) 1)
| Export volume : 1) |
$122.5 billion f.o.b. (2005 est.) |
| Export commodities: 1) |
- machinery
- motor vehicles and parts
- paper and paperboard
- metal goods
- chemicals
- iron and steel
- textiles
- foodstuffs
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Destinations of exports (2005 est.) 1)
Sources of information:
1) CIA Worldfactbook - updated on 29 June, 2006,
Verband der Vereine Creditreform e.V. - Wirtschafts- und Konjunkturforschung / "Wirtschaftslage - Mittelstand in Österreich"
(c) Copyright 2005-06, Verband der Vereine Creditreform e.V. / Creditreform International e.V.
kindly supported by Creditreform Wirtschaftsauskunftei Kubicki KG
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