Austria is the twenty-eight largest export economy in the world and is ranked as the ninth most complex economy according to the Economic Complexity Index (ECI). Austria exports over $160B and imports around $170B per year, which results in a small negative trade balance of around $10B. The GDP of Austria sits at around $430B and the GDP per capita is around $45k.
The main exports of Austria are packaged medicaments (around $5.5B), vehicle parts (around $5B), cars (around $4.5B), petroleum gas ($3.5B) and blood from both humans and animals (almost $3B). The top export destinations of Austria are Germany ($44B), Italy ($11B), the United States ($9B), Switzerland (around $8B) and France ($7B). The top import origins are Germany (around $65B), Italy (around $10.5B), China ($8.4B), Switzerland ($7B), and the Czech Republic ($6.5B).
Official Name (Local Language) | Republik Oesterreich | Capital | Vienna | Population | 8,711,770 | Currency | Euro | GDP | $387.3 billion | Languages | German | Telephone Dial In | 43 |
166,475
4,466
220
Country
Trade
%
Germany
60,827
36.54
Italy
10,131
6.09
China
9,527
5.72
Switzerland
8,984
5.40
Czech Republic
7,152
4.30
Export product
Number
Automobiles with diesel engine displacing more
5.9%
Other hormones and derivatives, nes; other ster
3.0%
Petroleum oils, etc, (excl. crude); preparation
2.7%
Petroleum oils and oils obtained from bituminou
2.0%
Natural gas in gaseous state
2.0%
%
Product list
1.3%
Grains, potatoes, wine, fruit; dairy products, cattle, pigs, poultry; lumber and other forestry products
%
Industry list
28.1%
Construction, machinery, vehicles and parts, food, metals, chemicals, lumber, paper and paperboard, communications equipment, tourism
%
Services list
70.6%
Austria is the twenty-eight largest export economy in the world and is ranked as the ninth most complex economy according to the Economic Complexity Index (ECI). Austria exports over $160B and imports around $170B per year, which results in a small negative trade balance of around $10B. The GDP of Austria sits at around $430B and the GDP per capita is around $45k.
The main exports of Austria are packaged medicaments (around $5.5B), vehicle parts (around $5B), cars (around $4.5B), petroleum gas ($3.5B) and blood from both humans and animals (almost $3B). The top export destinations of Austria are Germany ($44B), Italy ($11B), the United States ($9B), Switzerland (around $8B) and France ($7B). The top import origins are Germany (around $65B), Italy (around $10.5B), China ($8.4B), Switzerland ($7B), and the Czech Republic ($6.5B).
Austria borders the countries of Switzerland, Czech Republic, Hungary, Germany Slovakia and Slovenia. Austrian exports averaged around 3200 EUR million from around 1953 until 2015, and reached an all time high of around 12200 EUR million at the end of 2013 and a low of 59 EUR million at the start of February 1953. The main export partner is the European Union, Switzerland and the United Sates.
Information
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Austria Economic Statistics
https://www.bundeskanzleramt.gv.at/
https://countryeconomy.com/ratings/austria
Österreichische Nationalbank
0.9214
6.1%
4%
0.9%
1.8%
$387.3 billion
$47,900
Euro
EUR
High Income
19/138
16/180
26/190
7/136
Currency in Austria