[PDF] austria economy facts

Quick Facts ; Population: 9.0 million ; GDP (PPP):. $534.0 billion; 0.8% 5-year compound annual growth; $59,692 per capita ; Unemployment: 5.4% ; Inflation (CPI):.Autres questions
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  • What is Austria known for economy?

    Austria is a highly developed industrialized country with an important service sector. The most important industries are food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing.

  • Does Austria have a good economy?

    As one of the most prosperous and stable EU Member States, Austria offers its investors ideal conditions. The Austrian economic system can be characterized as a free market economy with a strong social focus by also taking into account the weaker members of society.

  • Why is Austria so successful?

    “A highly diversified economy is one of the factors behind Austria's growth: we have strong industrial capacity but also well-developed services ranging from tourism to professional services. In Austria, you have a country that combines rich cultural traditions with modern research and technology,” Nowotny says.
  • The first and most visible concern is inflation. Significantly higher energy prices, as well as somewhat higher food prices, together with pent-up post-Covid demand, high shipping costs, ongoing supply chain bottlenecks, and a tight labor market, have driven up inflation.
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