What is the GDP of Austria?

Austria's GDP is approximately $534.8 billion USD. The GDP growth rate is -0.7%.

What is the population of Austria?

Austria has a population of approximately 9.2 million people. The population growth rate is 0.5%.

What is the inflation rate in Austria?

The inflation rate in Austria is 2.9%.

What is the unemployment rate in Austria?

The unemployment rate in Austria is 5.6%.

What is the GDP per capita of Austria?

Austria's GDP per capita is approximately $58,269 USD.

Is Austria a good country to invest in?

Austria has an investment score of 82/100, classified as "Safe" risk. Key sectors include Manufacturing, Tourism, Technology. Credit rating: NR.

How open is Austria's economy to trade?

Austria's trade openness (trade as % of GDP) is 109%. Exports total approximately $297.8B and imports $284.2B.

How much foreign investment does Austria attract?

Foreign direct investment (FDI) in Austria is 2.6% of GDP. There may be opportunities for early-mover investors.

What are the main economic sectors in Austria?

Austria's economy is composed of services (64% of GDP), industry (25% of GDP), and agriculture (1% of GDP).

Can I start a business in Austria as a foreigner?

Austria offers various options for foreign entrepreneurs. Visit our business setup guide for Austria for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Austria's economy growing?

Austria's GDP growth rate is -0.7%. The economy is currently contracting.

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Austria Economy Overview

Name: NationsData World Economic Dataset
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Europe & Central AsiaHigh IncomeCapital: ViennaAUT

Safe

Shrinking

534.8B USD

GDP (Nominal)

Growing at -0.7%

$58,269

GDP Per Capita

High income level

9.2M

Population

+0.5% annual growth

Stable

2.9%

Inflation

Price stability

109%of GDP

Trade Openness

Strong

2.6%of GDP

FDI Inflows

Public Debt

High

5.6%

Unemployment

Surplus

+$13.6B

Trade Balance

GDP

Billion USD, nominal

$534.8B

2024+18.1B

GDP Growth

Annual %

-0.7%

2024+0.1%

Inflation

Consumer prices, annual %

2.9%

2024-4.9%

Population

Millions

9.2M

2024+0.0M

Economic Structure

Services64%

Industry25%

Agriculture1%

Investment Score Breakdown

Economic Health (30%)83

Political Safety (25%)88

Business Climate (20%)80

Financial Strength (15%)78

Growth Potential (10%)68

Key Sectors

Manufacturing

18.5% of GDP

stable

Tourism

7.8% of GDP

growing

Technology

9.2% of GDP

growing

Financial Services

5.8% of GDP

stable

Should I Invest in Austria?

Strong BuySetup: ModerateROI: Moderate

Austria scores 82/100 on the NationsData Investment Index, rated "Safe". Growth is subdued at 0.8%. Business setup takes approximately 56 days with a corporate tax rate of 23%.

Investment Score82/100

GDP Growth0.8%

Inflation3%

FDI/GDP2.1%

Public Debt77.8%

Political Stability0.9

Corporate Tax23%

Ease of Business#27

Strengths

+Exceptional political stability - low governance risk
+World-class business environment - fast registration, strong IP protection
+Low inflation (3%) - stable pricing environment
+Highly trade-open economy (108.5%) - global market access
+100% foreign ownership allowed - no local partner required
+Extensive tax treaty network (95 countries)

Risks

-Elevated public debt (77.8% of GDP)
-Slow/negative growth (0.8%) - limited market expansion

Best For

Tourism (growing, score: 85)Premium services and luxury brandsDigital businesses and SaaS

Also Consider

Iceland

Same region, similar income level, faster growth (2.5%)

Belgium

Same region, similar income level

Finland

Same region, similar income level

France

Same region, similar income level

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