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Austria Economy
GDP:
purchasing power parity - $245.3 billion (2003 est.)
GDP - real growth rate:
0.7% (2003 est.)
GDP - per capita:
purchasing power parity - $30,000 (2003 est.)
GDP - composition by sector:
agriculture: 3.5%
industry: 25.7%
services: 70.9% (2003 est.)
Investment (gross fixed):
22.5% of GDP (2003)
Population below poverty line:
3.9% (1999)
Household income or consumption by percentage share:
lowest 10%: 2.5%
highest 10%: 22.5% (1995)
Distribution of family income - Gini index:
31 (1995)
Inflation rate (consumer prices):
1.4% (2003 est.)
Labor force:
3.425 million (2003)
Labor force - by occupation:
agriculture and forestry 4%, industry and crafts 29%, services 67% (2001 est.)
Unemployment rate:
4.4% (2003 est.)
Budget:
revenues: $67 billion
expenditures: $70 billion, including capital expenditures of NA (2004 est.)
Public debt:
67.6% of GDP (2003)
Industries:
construction, machinery, vehicles and parts, food, chemicals, lumber and wood processing, paper and paperboard, communications equipment, tourism
Industrial production growth rate:
1.9% (2003 est.)
Electricity - production:
58.75 billion kWh (2001)
Electricity - production by source:
fossil fuel: 29.3%
hydro: 67.2%
other: 3.5% (2001)
nuclear: 0%
Electricity - consumption:
54.85 billion kWh (2001)
Electricity - exports:
14.25 billion kWh (2001)
Electricity - imports:
14.47 billion kWh (2001)
Oil - production:
20,670 bbl/day (2001 est.)
Oil - consumption:
262,400 bbl/day (2001 est.)
Oil - exports:
35,470 bbl/day (2001)
Oil - imports:
262,000 bbl/day (2001)
Oil - proved reserves:
85.69 million bbl (1 January 2002)
Natural gas - production:
1.731 billion cu m (2001 est.)
Natural gas - consumption:
7.81 billion cu m (2001 est.)
Natural gas - exports:
403 million cu m (2001 est.)
Natural gas - imports:
6.033 billion cu m (2001 est.)
Natural gas - proved reserves:
24.9 billion cu m (1 January 2002)
Agriculture - products:
grains, potatoes, sugar beets, wine, fruit; dairy products, cattle, pigs, poultry; lumber
Current account balance:
$-1.353 billion (2003)
Exports:
$83.45 billion f.o.b. (2003 est.)
Exports - commodities:
machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel; textiles, foodstuffs
Exports - partners:
Germany 31.9%, Italy 9.6%, Switzerland 5.2%, US 4.9%, France 4.8%, UK 4.7% (2003 est.)
Imports:
$81.59 billion f.o.b. (2003 est.)
Imports - commodities:
machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products; foodstuffs
Imports - partners:
Germany 43.2%, Italy 6.7%, Hungary 5.4%, Switzerland 5%, Netherlands 4.2% (2003 est.)
Reserves of foreign exchange & gold:
$12.73 billion (2003)
Debt - external:
$15.5 billion (2003 est.)
Economic aid - donor:
ODA, $520 million (2002)
Currency:
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by the financial institutions of member countries; as of 1 January 2002, the euro became the only legal tender in EMU member countries, including Austria
Currency code:
EUR
Exchange rates:
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 1.0854 (2000), 0.9386 (1999)
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