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CompareEconomy.com Comparison of world economies

Austria

World Rank 29 4.75 Austria flag svg
Capital
Area
Currency
Vienna
83,871 km 2
Euro (EUR)

Table of Contents

Introduction

The Republic of Austria is a country located on the terrain of Eastern Alps. As a result, the nation is part of Central Europe. As in the case of Germany, Austria is composed of nine federated states. The land area of Austria covers almost 84.000 square kilometers, which is one of the smallest regions in Europe. Interestingly, the official language in Austria is German. But in most informal situations the citizens speak Bavarian dialects.

Economy

Austrian economy is relatively high considering the number of citizens and the fairly limited natural resources in the region. Their entire GDP (with PPP included) is a little over $523 billion. Another important indicator of the wealthiness of the nation and every single citizen is the GDP (PPP) per capita. It simply shows the average wealthiness of everyone. In the case of Austria, it is almost $59,000. Interestingly, this number is very high, especially when we compare it to European’s standards, which is around $46,500.

Population

In terms of population, Austria is 15th in Europe. There are approximately 8.7 million people living in these mountainous regions. It means that there are approximately 106 Austrians per square kilometer. It is a very low density.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#29 (2021)
480,368,403,893 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#42 (2021)
2,778,091,404 US$

List of countries by external balance on goods and services

(China)

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

  • Last
  • Historical chart
#86 (2021)
6.18 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)