| variable | 1980-1989 | 1990-1999 | 2000-2007 | 2008-2009 | 2010-2019 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| real gdp growth | 2.03 | 2.61 | 2.18 | -0.9 | 0.77 | -0.8 | -0.7 | 0.6 | 0.7 | 1.0 |
| CPI % | 3.45 | 2.02 | 2.06 | 1.05 | 1.87 | 7.7 | 2.9 | 3.6 | 2.5 | 2.6 |
| Unemployment rate | 3.1 | 4.08 | 5.04 | 5.45 | 5.57 | 5.1 | 5.2 | 5.7 | 5.7 | 5.6 |
| Debt/GDP % | 56.83 | 63.42 | 67.48 | 82.25 | 81.08 | 77.8 | 79.2 | 80.5 | 82.1 | 82.7 |
| Current account balance/GDP % | -0.28 | -1.57 | 2.36 | 2.75 | 1.93 | 1.6 | 1.5 | 1.0 | 0.4 | 0.7 |
Data derived from World Economic Outlook Database. To see main macroeconomic indicator in graphs click here
Once the center of power for the large Austro-Hungarian Empire, Austria was reduced to a small republic after its defeat in World War I. Nazi Germany annexed Austria in 1938, and the victorious Allies then occupied the country in 1945. As a result, Austria's status remained unclear for a decade after World War II, until a State Treaty signed in 1955 ended the occupation, recognized Austria's independence, and forbade unification with Germany. A constitutional law that same year declared the country's "perpetual neutrality" as a condition for Soviet military withdrawal. Austria joined the EU in 1995, but the obligation to remain neutral kept it from joining NATO, although the country became a member of NATO's Partnership for Peace program in 1995. Austria entered the EU Economic and Monetary Union in 1999.
Area: 83,871 sq km km2
Climate: temperate; continental, cloudy; cold winters with frequent rain and some snow in lowlands and snow in mountains; moderate summers with occasional showers
Natural resources: oil, coal, lignite, timber, iron ore, copper, zinc, antimony, magnesite, tungsten, graphite, salt, hydropower
Groups: Austrian 80.8%, German 2.6%, Bosnian and Herzegovinian 1.9%, Turkish 1.8%, Serbian 1.6%, Romanian 1.3%, other 10% (2018 est.)
Languages: German (official nationwide) 88.6%, Turkish 2.3%, Serbian 2.2%, Croatian (official in Burgenland) 1.6%, other (includes Slovene, official in southern Carinthia, and Hungarian, official in Burgenland) 5.3% (2001 est.)
Religions: Roman Catholic 55.2%, Muslim 8.3%, Orthodox 4.9%, Evangelical Christian 3.8%, Jewish 0.1%, other 5.4%, none 22.4% (2021 est.)
Capital: Vienna
Government type: federal parliamentary republic
Chief of state: President Alexander VAN DER BELLEN (since 26 January 2017)
Head of government: Chancellor Christian STOCKER (since 3 March 2025)
Description: Parliament (Parlament) - bicameral
one of the strongest EU and euro economies; diversified trade portfolios and relations; enormous trade economy; Russian energy dependence, but investing in alternative energy; aging labor force but large refugee population; large government debt
construction, machinery, vehicles and parts, food, metals, chemicals, lumber and paper, electronics, tourism
GDP by sector: Agriculture: 1.2% (2024 est.), Industry: 23.1% (2024 est.), Services: 65.3% (2024 est.)
Export partners: Germany 25%, USA 9%, Italy 7%, Switzerland 5%, Hungary 4% (2023)
Export commodities: cars, packaged medicine, vaccines, vehicle parts/accessories, nitrogen compounds (2023)
Import partners: Germany 34%, China 7%, Italy 7%, Switzerland 5%, Czechia 4% (2023)
Import commodities: cars, garments, vaccines, vehicle parts/accessories, refined petroleum (2023)
Central Europe, north of Italy and Slovenia
Military expenditure: 2024: 1% of GDP (2024 est.)
Information derived from worldfactbook.io (Lupon Media), open successor to the CIA World Factbook. Data sourced from World Bank, IMF, UN and other international organizations.