This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.

The economic situation and policies of Austria were reviewed by the Committee on 03 October 2019. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 18 October 2019.

The Secretariat’s draft report was prepared for the Committee by Rauf Gönenç and Dennis Dlugosch under the supervision of Sebastian Barnes. Statistical research assistance was provided by Eun Jung Kim and editorial assistance by Heloise Wickramanayake. The Survey also benefitted from contributions by Selçuk Gül and Aleksandra Paciorek.

The previous Survey of Austria was issued in July 2017.

Information about the latest as well as previous Surveys and more information about how Surveys are prepared is available at http://www.oecd.org/eco/surveys.

    
copy the linklink copied!
Basic statistics of Country, 2018
(Numbers in parentheses refer to the OECD average)1

LAND, PEOPLE AND ELECTORAL CYCLE

Population (million)

8.8

Population density per km²

107.2

(37.8)

Under 15 (%)

14.1

(17.8)

Life expectancy (years, 2017)

81.6

(80.3)

Over 65 (%)

19.4

(17.1)

Men (2017)

79.3

(77.7)

Foreign born (%, 2017)

18.8

Women (2017)

84.1

(83.0)

Latest 5-year average growth (%)

0.9

(0.6)

Latest general election

September-2019

ECONOMY

Gross domestic product (GDP)

Value added shares (%)

In current prices (billion USD)

456.2

Primary sector

1.3

(2.4)

In current prices (billion EUR)

386.2

Industry including construction

28.5

(27.5)

Latest 5-year average real growth (%)

1.8

(2.3)

Services

70.2

(70.1)

Per capita (000 USD PPP)

55.5

(46.4)

GENERAL GOVERNMENT

Per cent of GDP

Expenditure (OECD: 2017)

48.5

(40.3)

Gross financial debt (OECD: 2017)

95.9

(112.4)

Revenue (OECD: 2017)

48.6

(38.0)

Net financial debt (OECD: 2017)

51.5

(69.6)

EXTERNAL ACCOUNTS

Exchange rate (EUR per USD)

0.85

Main exports (% of total merchandise exports)

PPP exchange rate (USA = 1)

0.79

Machinery and transport equipment

38.5

In per cent of GDP

Manufactured goods

21.2

Exports of goods and services

54.6

(56.1)

Chemicals and related products, n.e.s.

12.4

Imports of goods and services

51.0

(52.0)

Main imports (% of total merchandise imports)

Current account balance

2.3

(0.3)

Machinery and transport equipment

34.8

Net international investment position

3.7

Manufactured goods

16.2

 

 

Miscellaneous manufactured articles

14.5

LABOUR MARKET, SKILLS AND INNOVATION

Employment rate (aged 15 and over, %)

73.0

(68.4)

Unemployment rate, Labour Force Survey (aged 15 and over, %)

4.8

(5.3)

Men

77.5

(76.0)

Youth (aged 15-24, %)

9.4

(11.1)

Women

68.6

(60.9)

Long-term unemployed (1 year and over, %, 2017)

1.8

(1.7)

Participation rate for 15-64 year-olds (%)

76.8

(72.4)

Tertiary educational attainment (aged 25-64, %, 2017)

32.4

(36.9)

Average hours worked per year (OECD: 2017)

1 511

(1 746)

Gross domestic expenditure on R&D (% of GDP, 2016)

3.1

(2.5)

ENVIRONMENT

Total primary energy supply per capita (toe, 2017)

3.8

(4.1)

CO2 emissions from fuel combustion per capita (tonnes, 2016)

7.2

(9.0)

Renewables (%, 2017)

29.7

(10.2)

Water abstractions per capita (1 000 m³, 1995)

0.4

Exposure to air pollution (more than 10 g/m³ of PM 2.5, % of population, 2017)

87.0

(58.7)

Municipal waste per capita (tonnes, 2017)

0.6

(0.5)

SOCIETY

Income inequality (Gini coefficient, 2016, OECD: 2015)

0.284

(0.315)

Education outcomes (PISA score, 2015)

Relative poverty rate (%, 2016, OECD: 2015)

9.8

(11.8)

Reading

485

(492)

Median disposable household income (000 USD PPP, 2016, OECD: 2015)

32.5

(23.3)

Mathematics

497

(490)

Public and private spending (% of GDP)

Science

495

(493)

Health care (2017)

10.3

(8.8)

Share of women in parliament (%)

34.4

(29.7)

Pensions (2015)

13.9

(8.5)

Net official development assistance (% of GNI, 2017)

0.3

(0.4)

Education (public, 2017)

5.2

(4.5)

Note: The year is indicated in parenthesis if it deviates from the year in the main title of this table.

← 1. Where the OECD aggregate is not provided in the source database, a simple OECD average of latest available data is calculated where data exist for at least 80% of member countries.

Source: Calculations based on data extracted from databases of the following organisations: OECD, International Energy Agency, International Labour Organisation, International Monetary Fund, World Bank.

Metadata, Legal and Rights

This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. Extracts from publications may be subject to additional disclaimers, which are set out in the complete version of the publication, available at the link provided.

https://doi.org/10.1787/22f8383a-en

© OECD 2019

The use of this work, whether digital or print, is governed by the Terms and Conditions to be found at http://www.oecd.org/termsandconditions.

╳
OECD Economic Surveys: Austria: OECD Economic Surveys: Austria 2019:

Continue to open the publication page on OECD iLibrary to find:

All available formats

Buy option for print or PDF copies

All publication details?

Cancel