English to German translation from Business Team Translations Ltd.

MAIN PAGE

OUR CLIENTS

PRICING AND ORDERING

CONTACT US

 

Our translation company has been the translation solution provider of KPMG, Lufthansa, Shell and Procter & Gamble for years.How can we help you? deutsch italiano magyar

If you need German translation, please click here to receive our online quote.

Flag of Austria  Economy of Austria


Economy - overview:
 Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. The Austrian economy also benefits greatly from strong commercial relations, especially in the banking and insurance sectors, with central, eastern, and southeastern Europe. The economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to the new EU economies. The outgoing government has successfully pursued a comprehensive economic reform program, aimed at streamlining government and creating a more competitive business environment, further strengthening Austria's attractiveness as an investment location. It has implemented effective pension reforms; however, lower taxes in 2005-06 led to a small budget deficit in 2006 and 2007. Boosted by strong exports, growth nevertheless reached 3.3% in both 2006 and 2007, although the economy may slow in 2008 because of the strong euro, high oil prices, and problems in international financial markets. To meet increased competition - especially from new EU members and Central European countries - Austria will need to continue restructuring, emphasizing knowledge-based sectors of the economy, and encouraging greater labor flexibility and greater labor participation by its aging population.
GDP (purchasing power parity):
 $322 billion (2007 est.)
GDP (official exchange rate):
 $373.9 billion (2007 est.)
GDP - real growth rate:
 3.1% (2007 est.)
GDP - per capita (PPP):
 $39,300 (2007 est.)
GDP - composition by sector:
 agriculture: 1.6% industry: 30.3% services: 68% (2007 est.)
Labor force:
 3.566 million (2007 est.)
Labor force - by occupation:
 agriculture: 3% industry: 27% services: 70% (2005 est.)
Unemployment rate:
 4.4% (2007 est.)
Population below poverty line:
 5.9% (2004)
Household income or consumption by percentage share:
 lowest 10%: 3.3% highest 10%: 22.5% (2004)
Distribution of family income - Gini index:
 26 (2005)
Inflation rate (consumer prices):
 2.2% (2007 est.)
Investment (gross fixed):
 20.6% of GDP (2007 est.)
Budget:
 revenues: $177.5 billion expenditures: $179.9 billion (2007 est.)
Public debt:
 59.1% of GDP (2007 est.)
Agriculture - products:
 grains, potatoes, sugar beets, wine, fruit; dairy products, cattle, pigs, poultry; lumber
Industries:
 construction, machinery, vehicles and parts, food, metals, chemicals, lumber and wood processing, paper and paperboard, communications equipment, tourism
Industrial production growth rate:
 5.7% (2007 est.)
Electricity - production:
 61.02 billion kWh (2005 est.)
Electricity - consumption:
 60.25 billion kWh (2005 est.)
Electricity - exports:
 17.73 billion kWh (2005 est.)
Electricity - imports:
 20.4 billion kWh (2005 est.)
Oil - production:
 23,320 bbl/day (2005)
Oil - consumption:
 295,100 bbl/day (2005 est.)
Oil - exports:
 34,680 bbl/day (2004)
Oil - imports:
 157,500 bbl/day (2005)
Oil - proved reserves:
 62 million bbl (1 January 2006 est.)
Natural gas - production:
 1.57 billion cu m (2005)
Natural gas - consumption:
 9.217 billion cu m (2005)
Natural gas - exports:
 936.1 million cu m (2005)
Natural gas - imports:
 9.063 billion cu m (2005)
Natural gas - proved reserves:
 14.39 billion cu m (1 January 2006 est.)
Current account balance:
 $12.03 billion (2007 est.)
Exports:
 $162.1 billion f.o.b. (2007 est.)
Exports - commodities:
 machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, foodstuffs
Exports - partners:
 Germany 29.8%, Italy 8.8%, US 4.9%, Switzerland 4.3% (2007)
Imports:
 $160.3 billion f.o.b. (2007 est.)
Imports - commodities:
 machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products; foodstuffs
Imports - partners:
 Germany 45.5%, Italy 7.1%, Switzerland 5%, Netherlands 4.3% (2007)
Economic aid - donor:
 ODA, $1.498 billion (2006)
Reserves of foreign exchange and gold:
 $18.22 billion (2006 est.)
Debt - external:
 $752.5 billion (30 June 2007)
Stock of direct foreign investment - at home:
 $222.9 billion (2007 est.)
Stock of direct foreign investment - abroad:
 $208.1 billion (2007 est.)
Market value of publicly traded shares:
 $126.3 billion (2005)
Currency (code):
 euro (EUR)
Exchange rates:
 euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)
Fiscal year:
 calendar year

You can use this information freely, but first please provide a reciprocal link and include the following source code on the page where you are using the information:

<a title="Flag of Austria" href="http://www.bttranslations.com/countries/flag-of-austria.htm" >Flag of Austria</a> from the site of <a title="BTT Translation Company" href="http://www.bttranslations.com/">BTT Translation Services</a>
If you paste it, it should look like this:


Country Profile of Austria
Communications of Austria
Economy of Austria
Geography of Austria
Government of Austria
Transnational Issues of Austria
Military of Austria
People of Austria
Transportation of Austria

The information above is a partial reproduction of Google Maps and the CIA World Factbook.


Our ISO 9001:2000 certificate was issued by TÜV NORD.

phone: +44 203 286 8960
fax: +44 203 031 1256

Address:
Unit 1
27 Ackmar Road
London
SW6 4UR
United Kingdom

info@bttranslations.com

Instant Free Quote

I need

Translation
Interpreting
Proofreading

Source Language:
Target Language:

You can select multiple languages, just keep pressing the ctrl button.

Type of document / Content:

Speed:

Volume:

Deadline:

Name:

E-mail address:

Phone Number:


If you have the source document in Word, Excel or other electronic format, please attach it. The translation industry is built on confidence and every single document is treated with the strictest confidentiality. Naturally, we are ready to sign a Non-Disclosure Agreement. Please let is know if you need that.
BTT is an ISO 9001:2000 certified translation company - please check our TÜV NORD ISO certificate here.

Business Team Translations - All rights reserved.


An Internation Business Forum on ITER, EASYLIMO UK LTD Go-Easycars.co.uk