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National Economics

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In the context of economic development in Europe, Austria can boast above average growth and one of the highest employment rates. Find out here about the basics of the national economic situation in Austria.

 

Austria is among the most stable countries in the world. Inflation rates are low, the increase in national debt has been succesfully reduced and there the target of a balanced budget is within reach. An array of measures have been implemented to stimulate growth through liberalisation and privatisation and to secure the future through social system reforms.

Austria has been a member of the European Union since 1995 and is fully integrated into the common market. GDP (Gross Domestic Product) per capita is at EUR 31,060 (2006 prov.), putting Austria in 4th place in the EU and 12th world-wide.

For 2008 Austrian GDP growth is predicted at 2.4%.

Austria's Gross National Income (GNI)

2003: EUR 224.2 bn
2004: EUR 233.0 bn
2005: EUR 242.6 bn
2006:   EUR 256.6 bn

 
 
 
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