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    Austria: General Information

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    Alfianardiw
    Austria is a country located in Central Europe with a population of 8.8 million. Vienna is its capital and German is its official language. Austria uses the Euro as its currency. Its economy has grown steadily in recent years, with GDP per capita over $50,000 in 2018. Australia and Austria conduct around $1.9 billion in two-way trade annually, with Australia importing more than it exports. Major Australian exports to Austria include coal and gold, while major imports are arms and vehicles.

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    Austria: General Information

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    Alfianardiw
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    Austria is a country located in Central Europe with a population of 8.8 million. Vienna is its capital and German is its official language. Austria uses the Euro as its currency. Its economy has grown steadily in recent years, with GDP per capita over $50,000 in 2018. Australia and Austria conduct around $1.9 billion in two-way trade annually, with Australia importing more than it exports. Major Australian exports to Austria include coal and gold, while major imports are arms and vehicles.

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    Austria is a country located in Central Europe with a population of 8.8 million. Vienna is its capital and German is its official language. Austria uses the Euro as its currency. Its economy has grown steadily in recent years, with GDP per capita over $50,000 in 2018. Australia and Austria conduct around $1.9 billion in two-way trade annually, with Australia importing more than it exports. Major Australian exports to Austria include coal and gold, while major imports are arms and vehicles.

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    28 views1 page

    Austria: General Information

    Uploaded by

    Alfianardiw
    Austria is a country located in Central Europe with a population of 8.8 million. Vienna is its capital and German is its official language. Austria uses the Euro as its currency. Its economy has grown steadily in recent years, with GDP per capita over $50,000 in 2018. Australia and Austria conduct around $1.9 billion in two-way trade annually, with Australia importing more than it exports. Major Australian exports to Austria include coal and gold, while major imports are arms and vehicles.

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    AUSTRIA

    Fact sheets are updated biannually; June and December


    General information
    Capital: Vienna Head of State
    Land area: 82,409 sq km Federal President HE Dr Alexander Van der Bellen
    Official language(s): German Head of Government
    Population: 8.8 million (2017) Federal Chancellor HE Mr Sebastian Kurz
    Currency: Euro

    Economic indicators (a) 2013 2014 2015 2016 2017 2018


    GDP (US$b) (current prices) 430.2 442.6 382.3 391.0 417.4 459.4
    GDP per capita (US$) 50,748.1 51,801.4 44,296.6 44,733.4 47,347.4 51,707.6
    GDP PPP (Int'l $b) 390.2 400.9 409.6 420.1 441.0 464.0
    GDP per capita PPP (Int'l $) 46,032.0 46,922.5 47,466.6 48,067.4 50,031.0 52,224.5
    Real GDP growth (% change yoy) 0.0 0.8 1.1 1.5 3.0 2.8
    Current account balance (US$b) 8.4 11.0 7.3 8.3 7.9 10.2
    Current account balance (% GDP) 1.9 2.5 1.9 2.1 1.9 2.2
    Inflation (% change yoy) 2.1 1.5 0.8 1.0 2.2 2.0
    Unemployment (% labour force) 5.4 5.6 5.7 6.0 5.5 5.2

    Australia's trade and investment relationship with Austria (b)


    Australian merchandise trade with Austria, 2017-18 (A$m) Total share Rank Growth (yoy)
    Exports to Austria 57 0.0% 70th 22.0%
    Imports from Austria 1,799 0.6% 27th 13.9%
    Total merchandise trade (exports + imports) 1,857 0.3% 33rd 14.1%

    Major Australian exports, 2017-18 (A$m) Major Australian imports, 2017-18 (A$m)
    Coal 17 Arms & ammunition 196
    Gold coin & legal tender coin 7 Goods vehicles 171
    Measuring & analysing instruments 3 Electric power machinery & parts 108
    Civil engineering equipment & parts 2 Motorcycles & cycles 96
    Australia's trade in services with Austria, 2017-18 (A$m) Total share Rank Growth (yoy)
    Exports of services to Austria 95 0.1% 58th 2.2%
    Imports of services from Austria 104 0.1% 57th -17.5%

    Australia's investment relationship with Austria, 2017 (A$m) Total FDI


    Australia's investment in Austria 1,448 np
    Austria's investment in Australia np np
    Austria's global merchandise trade relationships
    Austria's principal export destinations, 2017 Austria's principal import sources, 2017
    1 Germany 29.4% 1 Germany 41.8%
    2 United States 6.3% 2 Italy 5.8%
    3 Italy 6.2% 3 Switzerland 5.5%
    22 Australia 0.8% 49 Australia 0.1%

    Compiled by the Statistics Section, DFAT, using the latest data from the ABS, the IMF and various international sources
    (a) Economic indicators data is from the IMF WEO where available, WKH(,8RURWKHUUHSXWDEOHVRXUFH'DWDPD\LQFOXGHIRUHFDVWVRUSURMHFWLRQVIRUUHFHQW\HDUV*1,PD\EHVKRZQLQOLHXRI*'3IRUFRXQWULHVZKHUH*'3GDWDLVXQDYDLODEOH
    E 0HUFKDQGLVHWUDGHGDWDLVEDVHGRQSXEOLVKHGDQGXQSXEOLVKHG$%6GDWD0D\H[FOXGHFRQILGHQWLDOLWHPVRIWUDGH7RWDOVPD\QRWDGGXSGXHWRURXQGLQJ,QYHVWPHQWGDWDLVVWRFNVDVDWHQG'HFHPEHU
    All data may be subject to future revisions.
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    (70(ODERUDWHO\WUDQVIRUPHGPDQXIDFWXUHV2WKHU2WKHUJRRGVLQFOXGLQJQRQPRQHWDU\JROGIFI)UHVKFKLOOHGRUIUR]HQQHV1RWHOVHZKHUHVSHFLILHG

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