As per International Monetary Fund (IMF) Austria’s
nominal gross domestic product is expected to grow at a CAGR of 3.22% from it’s
2015 level of Euro 339.896 billion and reach Euro 424.374 billion by 2022.
Austria, officially the Republic
of Austria, is a federal republic and a landlocked country of roughly 8.47
million people in Central Europe. It is bordered by the Czech Republic and
Austria to the north, Hungary and Slovakia to the east, Slovenia and Italy to
the south, and Switzerland and Liechtenstein to the west. The territory of
Austria covers 32,377 square miles and has a temperate and alpine climate.
German in its standard form is the country's official language.
Austria had estimated population
of 8.691 million in the year 2016 and expected to reach 9.038 million by 2022.
Austria’s 3.587% population was employed in 2016 and the unemployment rate was
6.108% of total labor force.
Austria’s real gross domestic
product (GDP) was around Euro 315.071 billions in 2016 whereas the nominal GDP
was Euro 349.493 billions. This resulted in GDP deflator 110.925. Per capita
GDP was estimated at USD 44498.37 whereas purchasing power parity (PPP) based
per capita GDP was estimated to be at USD 48004.66.
The output gap for Austria in 2016
was negative at 0.554% of the potential GDP.
In 2016, Austrian government’s
revenue was Euro 173.429 billions whereas the expenditure was Euro 178.389
billions. This resulted Austrian government’s net lending / borrowing negative
at Euro 4.96 billion in 2016 indicating that enough financial resources were
not made available by the government to boost economic growth.
The current account balance for
Austria was estimated to be at USD 9.283 billions for the year 2016 and is
expected to grow at a CAGR of 4.36% and reach USD 9.387 by 2022. This positive
current account balance indicates the Austria is net lender to the whole world.
Scope of the Austria PESTEL Analysis,
SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Austria.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Austria.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Austria.
- These reports provide risk analysis for Austria.
For more information and to purchase Austria PESTEL Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/austria-pestel-analysis-market-research-report
For more information and to purchase Austria SWOT Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/austria-swot-analysis-market-research-report
For more information and to purchase Austria Risk Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/austria-risk-analysis-market-research-report
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