Austria GDP: Top Amazing Facts

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Austria GDP

Austria country overview

Before we start to discuss Austria GDP first we discuss Austria’s country overview, so Austria is officially called the Republic of Austria.

Austria GDP
Austria GDP

It is a landlocked country located in Central Europe. Vienna is the capital and largest city of Austria. Austria’s official language is Austrian and German.

When we talk about its ethnic groups, so 81% Austrians, and 19% non-Austrian lives in Austria. In the religious divide, 69% of Christianity, 22% non-religion, and other religious-related groups live in Austria.

Austria’s government system is the Federal parliamentary republic. Austria’s president’s name is Alexander Van der. Austria’s total land area is 83,880 km2.

Its total population is 8,935,200 in the year 2020. Its population rank is 98th in the world. Austria’s population density is 106/km2 which is considered low population density in the world. Its population density rank is 106th in the world. 

Austria Economy

Austria’s currency is called the Euro. Austria’s economy is called the developed and advanced country and the high-income economy.

The inflation rate in Austria is 1.2% in the year 2020. 17% of the Austrian population lives below the poverty line. Its HDI rate is 0.914 which is considered the high HDI rate in the world.

Its HDI rank is 20th in the world. The unemployment rate in Austria is 5% in the year 2021. Austria’s gross external debt is $631 billion in the year 2017. Its total foreign reserves are $22 billion in the year 2020. 

Austria GDP

Its total GDP is $490 billion (nominal) and $528 billion (PPP) in the year 2021. Its GDP rank is 26th (nominal) and 44th (PPP) in the year 2021.

Its GDP growth rate is 4.6% in the year 2021. Austria’s GDP per capita is $54,800 (nominal) and $58,900 (PPP) in the year 2021.

Its GDP per capita rank is 13th (nominal) and 18th (PPP) in the year 2020. When we talk about its GDP by sector, so agriculture was 1.3%, industry 28%, and services 70% in the year 2017. 

Austria Exports

Austria’s total exports are $158 billion in the year 2017. Its main export goods are machinery, motor, steel, chemicals, food products, and others. Its main export partners are Germany, the United States, Italy, and others.

Austria Imports

Its total imports are $158 billion in the year 2017. Its main import goods are machinery, oil, natural gas, food, and others. Its main import partners are Germany, Italy, Netherland, and others.

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