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Austria
| Economy Overview |
| Austria is a small European Country with 8.3 millions inhabitants. The country is sometimes seen as an old and non-dynamic economy. That could not be further from the truth!
Austria has been a pioneer in Europe by developing bio products and using green energies; its industries are competitive and well diversified; its banking sector is performing well in spite of the worldwide financial crisis; and the government invests and sustains innovations in high and new technologies. Visit the website Invest in Austria http://www.aba.gv.at to find key facts, industry sectors description and details on innovative clusters.
Situated in the center of the European Area, Austria represents an advantageous place to be located in Europe. The country can be a good entry point to access the east European markets. Vienna, the capital city, situated in the far east of the country, is very close to Slovakia, Hungary and Czech Republic. The Web portal AdvantageAustria.org http://www.advantageaustria.org/us/ from the Austrian Trade Promotion Organisation offers all the information you need to do business with Austria.
And don't forget the website of the U.S. Commercial Service in Austria http://www.buyusa.gov/austria/en/. The site gives extensive information about the markets and business culture there.
If that's not enough, you'll also find plenty of good research at the Austria Mini Portal http://fita.org/countries/austria.html (http://fita.org/countries/austria.html), a feature of the FITA Web site. The Austria Mini Portal has an overview of Austria, with facts about the language, currency, climate, etc., plus more specific information about the economy, markets, taxes, labor market indicators, and tips on doing business in Austria. |
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| Economy Statistics |
| Exports: |
$158.3 billion f.o.b. (2007 est.) [?]
This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Export
Commodities: |
machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, foodstuffs [?]
This entry provides a rank ordering of exported products starting with the most important; it sometimes includes the percent of total dollar value.
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Export
Partners: |
Germany 30.2%, Italy 9%, US 5.8%, Switzerland 4.7% (2006) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| Imports: |
$157.4 billion f.o.b. (2007 est.) [?]
This entry provides the total US dollar amount of merchandise imports on a c.i.f. (cost, insurance, and freight) or f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
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Import
Commodities: |
machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products; foodstuffs [?]
This entry provides a rank ordering of imported products starting with the most important; it sometimes includes the percent of total dollar value.
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Import
Partners: |
Germany 45.5%, Italy 7%, Switzerland 4.5%, Netherlands 4.1% (2006) [?]
This entry provides a rank ordering of trading partners starting with the most important; it sometimes includes the percent of total dollar value.
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| The Austrian Federal Economic Chamber |
| Address: |
A-1045 Wien, Wiedner Hauptstraße 63 |
| Phone: |
+43 (0)5 90 900 |
| Website: |
http://wko.at/awo |
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