As per International
Monetary Fund (IMF) Austria’s real gross domestic product is expected to grow
at a CAGR of 1.24% from it’s 2015 level of
euro310.47billion and reach euro 338.401by 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.The newly launched market research reports featuring Austria’s
PESTEL analysis, SWOT analysis and Risk analysis are aimed at providing
insights about Austrian economy and market.
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: http://www.marketresearchreports.com/market-research-reports-inc/austria-pestel-analysis-market-research-report
For
more information and to purchase AustriaSWOT
Analysis Market Research Report please visit:
For
more information and to purchase AustriaRisk
Analysis Market Research Report please visit:
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