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Austria
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Austria, located in Central Europe, is officially known as the Republic of Austria. Austria has a social market economy, similar to Germany, and a very high standard of living. Germany was once the main trading partner of Austria and, therefore, the economy of Austria was vulnerable to any changes faced by the German economy. But, after Austria joined the European Union, it developed closer ties to other EU economies and, hence, reduced its economic reliability on Germany. Becoming a member of the EU entailed huge benefits as the membership attracted a flood of foreign investors. The euro was introduced in Austria in 2002. |
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| Economy of Austria |
| Currency |
EURO |
| Fiscal Year |
01 January - 31 December |
| GDP(PPP) |
$39,300 |
| Exports |
$162.1 Billion |
| Imports |
$160.3 Billion |
| Main Industries |
construction, machinery,
food, metals, chemicals,
lumber, wood processing,
paper, paperboard,
communications equipment,
tourism, vehicles and
parts.
.. |
| Export Goods |
motor vehicles, vehicle
parts, paper, paperboard,
metal goods, chemicals,
iron, steel, textiles,
foodstuffs, machinery and
equipment.
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| Import Goods |
machinery, equipment,
motor vehicles,
chemicals, metal goods,
foodstuffs, oil and oil
products.
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Austria Forum
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Discuss anythig related to Austria for instance, their traditions and values, buying from Austria , Current trends and so on.
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