Übersicht

At a Glance

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Austria's 32,377 square miles (83,857 square kilometers) are home to 8,364,000 people (2009 estimate), including a workforce of 4.2 million. The country's well-developed social market economy and close ties to other EU economies afford Austrians a high standard of living. Services employ 67% of the working population, followed by industry (28%) and forestry and agriculture (5%).

According to the U.S. Department of State, Austria has a well-developed social market economy with a high standard of living and enjoys well-developed industry, banking, transportation, services and commercial facilities. Most industrial and commercial enterprises in Austria are relatively small on an international scale.

Financial Facts

  • Estimated GDP (2010) of US$332 billion or US$40,400 per capita
  • GDP grew 2% from 2009-2010
  • Services account for 69.1% of GDP
  • Industry generates 29.4% of GDP. Leading industries include iron and steel, chemicals, capital equipment, consumer goods.
  • Agriculture generates 1.5% of GDP