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Indicators of economy in Austria

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Austria reached 48.105 US dollars per inhabitant, or 428.97 bn US Dollar in the whole country. Austria is therefore currently ranked 26 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Austria is in the list of the world's richest countries in place 13.

Inflation in Austria was in 2020 at around 1.38%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices of daily necessities are approximately 6.37% higher.
The Corruption Perceptions Index for the public sector counts 76 and is compared to other countries good.


Back to overview: Austria

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Austria
Total
Austria
per capita
EU
Total
EU
per capita
GDP428.97 bn USD48,105.36 USD15,192.65 tn USD29,499.72 USD
Gross national product456.33 bn USD51,173.91 USD16,012.29 tn USD31,091.23 USD


Austria ranked 10th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 9 of the 2000 largest listed companies in the world originate from Austria. This is determined annually in the "Forbes Global 2000" list. The 9 largest companies in the country were in 2020:

Rank 441: OMV Group (Vienna)
Rank 507: Erste Group Bank (Vienna)
Rank 725: Raiffeisen Bank International (Vienna)
Rank 1131: Vienna Insurance Group (Vienna)
Rank 1307: Verbund (Vienna)
Rank 1439: Bawag Group (Vienna)
Rank 1461: STRABAG (Vienna)
Rank 1566: Voestalpine (Linz)
Rank 1794: Uniqa (Vienna)

Development of the Gross domestic product in billion US Dollar 1979 - 2020


Household debt and deficits 2019


 Austria
Total
Austria
per capita
EU
Total
EU
per capita
Gross debt313.84 bn USD35,195.42 USD14,618.72 tn USD28,385.31 USD
Budget deficit-2.99 bn USD-335.82 USD148.52 bn USD288.39 USD

Please note: A negative budget deficit equivalents to a surplus


Im- and Exports 2020

 Austria
Total
Austria
per capita
EU
Total
EU
per capita
Imports211.85 bn USD23,757.20 USD7,314.16 bn USD14,201.97 USD
Exports226.79 bn USD25,432.53 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in billion US dollars 2005 - 2020

Exports
Imports



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